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Prosper Marketplace Announces First Mobile SDK for the Marketplace Lending Industry

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.

Partners interested in learning more can view the Android demo: https://youtu.be/RLXBAc8rlik

Developers interested in learning more can visit:  https://github.com/prosperllc/Prosper-iOS-SDK or https://github.com/prosperllc/Prosper-Android-SDK

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.



11/18/2015 by in Prosper News

Prosper Marketplace Recognized for 2015 Growth

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.

Deloitte Fast 500 – #24

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.

San Francisco’s Fastest Growing Companies of 2015 – #3

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!

11/13/2015 by in Borrowers, Lenders, Prosper News

Got A #MyProsperStory? Enter for a Chance to Win a Full Loan Payoff!

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 15 via 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.

So, go ahead and enter now!



11/03/2015 by in #MyProsperStory, Borrowers, Featured, Prosper News

Prosper Marketplace at Upcoming Industry Events

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!

LendIt Europe
October 20-21, London
Speaker: Aaron Vermut – keynote

October 25-28, Las Vegas
Speaker: Aaron Vermut

Alternative Investments Conference
October 27-28, Miami
Speaker: Eric Thaller

Investor’s Conference on Marketplace Lending
October 29, New York City
Speaker: Ron Suber – keynote

AltFi Global Summit
November 2, New York City
Speaker: Aaron Vermut – keynote

Credit Suisse Emerging Market Leadership Forum
November 3-4, San Francisco
Speaker: Aaron Vermut

Marketplace Lending + Investing
November 4-5, New York City
Speaker: Itzik Cohen

November 5, Palm Desert, Calif.
Speaker: Ron Suber

Citi Financial Technology Conference
November 10, New York City
Speaker: Ron Suber

UBS Global Tech Conference
November 16-18, Sausalito, Calif.
Speaker: Ron Suber

Global Indexing & ETFs
December 6-8, Scottsdale, Ariz.
Speaker: Eric Thaller

10/15/2015 by in Featured, Prosper News

Crossing $5 Billion and Advancing Financial Well-Being

By 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.

We’ve seen mothers being able to give daughters their dream wedding, college students turn their passions into prospering businesses, people getting their financial life back on track by consolidating high-interest debt. These are the stories that inspire us to continue connecting borrowers and investors and help people 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.

Since Prosper Marketplace acquired American Healthcare Lending in January (now Prosper Healthcare Lending), we’ve also seen how personal loans can positively impact the lives of people undertaking elective medical procedures, an industry traditionally characterized by high rates and few options. Prosper Marketplace has also forged partnerships with banks, including Radius Bank, a full-service bank with a virtual banking platform, and Western Independent Bankers, a consortium of small community banks to make taking out loans through Prosper even more seamless.

We’ve accomplished a lot on the path from $1B to $5B – you can check out all of Prosper Marketplace’s major milestones over the past few years in this infographic:

Thank you to all of our customers for helping us get here. Here’s to the next $5B!

All loans through Prosper made by WebBank, a Utah-charted industrial bank, member FDIC.


10/02/2015 by in Borrowers, Featured, Lenders, Prosper News


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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.