As the year comes to a close, we are so excited to be honored with two big recognitions for our continuous rapid growth and cadence of corporate milestones over the past year. At Prosper Marketplace, we’re passionate about expanding our company in order to offer more customers a higher degree of financial prosperity, and are really grateful to have this noticed.
Being recognized as the 24th-fastest growing company on Deloitte’s Fast 500, one of the leading technology awards in the US, is great validation of the work we’ve been doing at Prosper Marketplace to stay innovative and continue transforming the way that people lend and borrow money. We are in good company among the other 499 recipients, including App Annie, Twitter, FireEye, Cloudera and countless other companies disrupting the way we live, work and play.
Showcasing 1,434% growth in the last few years, Prosper Marketplace hit the No. 3 spot in San Francisco Business Times’ Fastest Growing Companies of 2015. Our exponential growth showcased on this list comes at an incredibly exciting time for Prosper Marketplace and where our momentum is seen in so many more places than just the bottom line. It’s so important to us that this recognition comes from our hometown of San Francisco—with some of the most amazingly transformative companies in the world gathered in one place. Prosper Marketplace has been built here from the ground up, and we are lucky to have a community so supportive of technology and innovation.
Thanks again for the recognition, we’re hoping to keep making everyone proud in 2016. And if you want to help build the future of marketplace lending with us, we’re hiring!
As 2015 comes to a close, we want to celebrate our community with the launch of the #MyProsperStory contest. We’re giving away $2,500, $5,000, and a full loan payoff, up to $35,000!
We know that there are few feelings better than the one you get after achieving an important financial goal. Whether it’s consolidating your credit card debt, or paying off medical bills, or undertaking a home improvement project, we understand how much patience and perseverance it takes to control your money, so you can advance your financial well being. Now, we want to hear how you prospered this year.
How can you get involved in the 2015 #MyProsperStory Video Contest?
November 3 – 20: Beginning today, send us a short video (3 minutes max) talking about how you used a loan through Prosper to stay on top of your finances. Don’t forget to use the hashtag #MyProsperStory to qualify for prizes.
December 1 – 10: Prosper will select 10 finalists among all the videos submitted. On December 1, we will open voting to the community. Anyone can view the #MyProsperStory finalists and help us pick the winners. (Consider yourself forewarned though: if our last contest was anything to go by, you should prepare yourself for lots of tears and laughs.)
December 15: Winners of the #MyProsperStory will be announced on December 15via the Prosper Blog. The three videos with the highest number of votes will receive:
Second Place: $2,500
First Place: $5,000
Grand Prize: A full loan payoff (up to $35,000!)
All prizes will be applied towards loan balance first. For official rules and submission guidelines, click here.
Your stories inspire us. Prosper is committed to bringing our customers personal loans at affordable rates, so being able to see all that you’ve achieved is especially exciting for us. What’s more—we think your stories will inspire others in the community too! You never know— you could be the encouraging nudge someone else needs to prosper next year.
Prosper is celebrating our community with the launch of the #MyProsperStory video contest on Facebook! We’re giving away $2,500, $5,000, and a full loan payoff, up to $35,000!
Want to submit a #MyProsperStory video?
We want to hear your story! We’re looking for videos (3 minutes max) that tell us how taking out a loan through Prosper has helped you stay on top of your finances. Whether it’s refinancing credit card debt, paying for an important surgery, or finally doing that home improvement project you’ve always dreamed of, your stories inspire us.
Simply review the submission do’s and don’ts guidelines and visit our Facebook page to upload your submission video. All videos must be submitted by November 20th at 11:59pm PST.
Do keep your video short. The max video length accepted is 3 minutes.
Do include a caption (250 character max) that explains how Prosper is helping you stay on top of your finances.
Do add the #MyProsperStory hashtag to qualify for prizes.
Don’t send us another person’s story. We will only accept original #MyProsperStory videos that explain how Prosper Marketplace is helping you stay on top of your finances.
Don’t infringe on copyrights or trademarks. That means no music, images or specific names without written consent.
Don’t negatively reference a person, venue or an organization. Submissions that defame or misrepresent an individual or brand will not be eligible to win.
We’re excited to announce Prosper has surpassed $5 billion in loans originated through its platform since inception. This follows a record quarter with $1.070 billion in loans through the platform, as well as a record daily average. It was only a year ago we crossed the $2 billion mark, and I know I speak for many at Prosper when I say we are humbled by the growth of our community in such a short period of time. And while this $5 billion milestone is a landmark for us internally, what is really important to see is how marketplace lending is completely changing lives and helping advance their financial well-being.
Hundreds of thousands of people have turned to Prosper for access to a loan. Debt consolidation continues to be the most frequent use case, with approximately 288,000 loans taken for this purpose. Here are some additional insights into our community since inception:
Home Improvement: People have been turning to us for spring cleaning and summer renovations — we have seen loans through the Prosper platform for home improvement projects such as remodels, renovations and home repair.
Many people are also taking out loans to pay for elective medical procedures such as LASIK, bariatric, dental and cosmetic surgery.
Consumers also continue to come to Prosper to borrow on their personal credit for purpose of a small business.
While it represents a small percent of our overall community, we’re proud to say that we’ve seen loans through our platform for babies and adoption—helping people realize their dreams of starting a family.
More recently, Prosper Marketplace has also pursued strategic partnerships and acquisitions to expand the company’s reach. Last month Prosper Marketplace announced that it will acquire BillGuard. The transformative acquisition is the first time that marketplace lending and personal finance management have come together to create a full suite of tools to help people make smarter financial decisions. It will be an important step in truly empowering and educating consumers to be financially secure and successful.
When Jerred Yeash and his family named their new Husky puppy “Cruiser,” they envisioned him running around the yard. Sadly, the dog was born with a physical impediment that left him unable to walk. His guardians saw him struggle as he lay on his chest, paddling the ground with his paws. Most puppies can stand and walk by the time they’re three weeks old, but others like Cruiser have such weak muscles that they’re unable to.
Jerred originally used Prosper as an investor. When he realized the expenses associated with teaching Cruiser how to walk — therapy and making their home Cruiser-friendly — he decided to turn to the Prosper community to borrow the money. Since wooden floors can be slippery and make it difficult for a dog to learn to walk, Jerred had to cover his house in Los Angeles with easy-to-grip surfaces like egg crate foam pads and rugs. After hours of therapy, Cruiser was finally able to take his first steps on his own.
“[The loan through Prosper] has given me the freedom and peace of mind to be able to take care of my dog Cruiser, who had a rough start to life,” Jerred says.
As Cruiser gained strength, he slowly learned to walk on his own and now he can do anything he tries to do. He loves playing fetch and enjoys time with his puppy friends. The loan through the Prosper platform enabled Jerred to pay for expensive therapy for Cruiser and greatly increased the quality of life for Cruiser and his family.
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.
As of February 1, 2013, the Prosper marketplace was transferred by Prosper Marketplace, Inc. to Prosper Funding LLC, a wholly-owned subsidiary of Prosper Marketplace, Inc. From and after February 1, 2013 Prosper Funding LLC is the sole obligator of Notes offered and secured by loans made through the Prosper marketplace, including Notes originally issues by Prosper Marketplace, Inc. prior to such transfer. Prosper Marketplace Inc. contiinues to provide services to Prosper Funding LLC relating to loan and Note servicing, and may interact with borrowers and investors in relation thereto as agent of Prosper Funding, LLC. Except where otherwise noted, throughout this website "Prosper" refers to Prosper Funding LLC including acting directly or through its agents.
All personal loans are made by WebBank, a Utah-chartered Industrial Bank. All Prosper personal loans are unsecured, fully amortizing personal loans.
Notes offered by Prospectus. Notes investors receive are dependent for payment on personal loans to borrowers. Not FDIC-insured; Investments may lose value; No Prosper or bank guarantee. Prosper does not verify all information provided by borrowers in listings. Investors should review the prospectus before investing.