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Prosper Achieves 1,000,000 Peer-to-Peer Lending Members Milestone

by Prosper on 10/4/10

A great big thank you to all the Prosper users who have helped create a new, transparent, pro-consumer category of consumer lending!

Prosper CEO and co-founder, Chris Larsen, sums up the achievement in today’s news release.

“It’s pretty incredible that one million people – a population greater than our headquarter City of San Francisco – have engaged with Prosper. In 2006, when we first introduced peer-to-peer lending in the U.S., the concept was completely foreign to most Americans. Some had been exposed to the idea of microfinance in developing countries, but the notion of an Amazon or eBay for money was entirely brand new. Today, peer-to-peer lending has grown into more than an ‘alternative way to get a loan’ or an ‘alternative investment class.’ Peer-to-peer lending represents the future of consumer lending; and the tipping point into the mainstream is within reach.”


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4 Responses


Hollowoak | October 9th, 2010 at 5:25 pm

Is that 1,000,000 active users or just a count of everybody who signed up with Prosper since inception?

A more telling statistic would be the number of unique registered visitors per month, or the number of active borrowers and lenders.


Jose | October 13th, 2010 at 9:32 am

Prosper gave me a great opportunity to consolidate my bills into one payment.

I would recommend this site to many friends.

I am gratefull to Prosper and it services.

Thank You!


Mothers Day | October 15th, 2010 at 5:00 pm

love the service, the return on my loans has been great even after one went into default.

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