Today Prosper Marketplace is excited to announce the release of our first mobile Software Developer’s Kit (SDK) for the Prosper platform.
SDKs have improved the consumer experience across many industries. Now, as part of our commitment to deliver the best service to our customers, Prosper Marketplace is taking the lead and introducing the first mobile SDK in the marketplace lending industry.
The SDK provides partners with direct access to the Prosper platform and creates a seamless mobile experience for our shared customers who are interested in applying for a personal loan through Prosper. It also brings us the opportunity to improve conversion rates as people move more easily through the application process on their mobile devices.
The Prosper Marketplace SDK is built mobile-first and from the ground up, making it easy to integrate within native mobile applications. The new SDK works across both iOS and Android platforms and is available for download now on Github.
Prosper Marketplace’s mission is to help people advance their financial well-being. We are excited to deliver new technologies that allow us to reach investors and borrowers when they are ready to make important credit decisions.
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.
Now that fall is officially upon us, the Prosper Marketplace team is gearing up for what will be a very busy conference season. Prosper Marketplace CEO Aaron Vermut, President Ron Suber, Chief Business Officer Itzik Cohen and EVP of Capital Markets Eric Thaller will be presenting at some of the industry’s key events about the present and future of marketplace lending.
The industry is at a turning point right now—more and more people are turning to marketplace lending as a way of quickly and affordably getting funds for important life decisions. At the upcoming events, Prosper Marketplace will be discussing how this market will continue to grow, how alternative lending and the asset class will evolve, and how companies can continue to better serve customers and help them improve their financial well-being.
Here is a list of upcoming conferences. We hope to see you there!
October 20-21, London
Speaker: Aaron Vermut – keynote
October 25-28, Las Vegas
Speaker: Aaron Vermut
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.
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.