If you are like the majority of Americans, you have a mound of debt that you are eager to pay off. In fact, the New York Federal Reserve released a report that the total household debt for Americans reached $12.73 trillion in 2017, surpassing the 2008 peak. Yikes!
Prosper Performance Update: September 2017
Today we are sharing performance data from the Prosper portfolio for September 2017. This month credit tightening in the higher risk segments continues to slowly shift the portfolio to a higher concentration of lower risk assets (44.0% of assets were rated AA-B in September compared with 41.9% in August).
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Prosper Announces $50 Million Series G Investment
Today Prosper announced a $50 million investment from an investment fund co-managed by FinEX Asia. The Series G investment, which brings Prosper’s total equity raised to $410 million to date, will be used to make strategic investments in the company’s platform and products. “This investment is a strong signal of confidence in our business fundamentals […]
Prosper Performance Update: August 2017
Today we’re sharing the performance update from the Prosper portfolio for August 2017. This month we saw credit tightening in the higher risk segments continues to slowly shift the portfolio to a higher concentration of lower risk assets (41.9% of assets were rated AA-B in August compared with 39.1% in July).