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The Bankwatch: Thoughts on p2p lending, risks and the future of the industry

by Prosper on 01/22/10

by Colin Henderson, Chief Technology Officer, CommunityLend

The original vision for peer-to-peer lending was formed at a time when internet models were evolving from web sites to social interactions. The notion of wisdom of crowds and the ability of a larger group to prepare better decisions than discrete individuals was prevalent. Prosper to their credit took that vision literally and applied it to peer-to-peer lending.

Zopa and later Lending Club took a more traditional personal lending approach when implementing their model. The spectrum of peer-to-peer lending has evolved from those early days over a five year period, to one with clearly defined risk management principles in place, and generally one, based on solid borrowers with good credit.

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Prosper Gives Back: A Social Timeline Recap

By Prosper on 04/10/14   [ 0 ]

As of yesterday, the Prosper Gives Back campaign has come to a close. After hitting our $1 billion dollar mark, we connected with the whole Prosper community, we spoke with you guys, and we celebrated our butts off! While giving out $2,000 a day was exhilarating and fun, the greatest reward to us was hearing [...]

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By Prosper on 04/3/14   [ 0 ]

Today is a huge day for Prosper. We crossed over the $1 billion mark in peer-to-peer loans. Its been a long road since the first loan in 2006. Since then the $1 billion dollars issued through Prosper went towards helping people fix their debts, pay medical bills, chase their dreams, and much more. The greatest [...]

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Prosper Gives Back: Thanks from the Prosper Team*

By Prosper on 03/26/14   [ 0 ]

Whew! What an incredible journey it has been.  This past year has been monumental for Prosper as more and more people experience how easy it is to borrow and invest with people just like you.  We’ve evolved from a small disruptive force in the lending industry into a major voice in the finance market.  We’ve [...]

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Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.