San Francisco – April 23, 2025 – Prosper Market, a fintech pioneer offering inexpensive monetary options to customers throughout the credit score spectrum, proudly celebrates its twentieth anniversary. In 2005, the Prosper platform revolutionized how Individuals might advance their monetary well-being by on-line lending alternatives and by investing in one another’s objectives. Since its founding, Prosper has helped greater than 2 million prospects entry almost $30 billion in complete funding, whereas increasing its suite of merchandise.
“Prosper was established 20 years in the past by Chris Larsen and John Witchel as a part of their quest to democratize client lending and create alternatives beforehand unavailable by conventional banking channels,” stated David Kimball, CEO of Prosper. “As customers’ wants have grown, we’ve grown alongside them. Right this moment, we’ve developed right into a complete monetary platform, providing easy, trusted, and inexpensive options that assist folks rework their lives.”
All through the previous 20 years, Prosper has expanded from a single-product market to a set of merchandise, providing prospects a wide range of methods to fulfill their monetary objectives. Prosper’s prospects have used its product choices for debt consolidation, residence enhancements, medical bills, emergency funds, and extra. These customer-centric options accessible by Prosper embrace:
- Private Loans*: Fastened-rate unsecured private loans to consolidate debt or bridge monetary gaps.
- Investments in Peer-to-Peer Loans: The primary, and now the one, peer-to-peer lending market within the U.S. presents particular person buyers another asset class.
- Dwelling Fairness Merchandise: Dwelling fairness traces of credit score and residence fairness loans launched in 2019 and 2022, respectively, to offer folks the pliability to make use of their fairness whereas conserving their current mortgages.
- Credit score Card: The Prosper® Card launched in 2021 to assist prospects take management of their funds.
Innovation stays central to Prosper’s development technique. As an early adopter of AI and knowledge science, Prosper harnesses the facility of machine studying (ML) to enhance mortgage origination processes and repeatedly improve the borrower expertise. Prosperity, Prosper’s proprietary massive language mannequin (LLM) utility, gives customer support brokers with complete insights to raised serve debtors. Past Prosperity, Prosper’s ML infrastructure powers superior credit score and fraud danger fashions, leveraging 20 years of data and insights to allow our staff to make selections and predict dangers like fraud, mortgage stacking, and early fee default.
Prosper’s product suite, proprietary know-how, and its total business disruption proceed to be acknowledged by its business friends. The agency gained the 2024 Finovate Award for Greatest Client Lending Answer and was named one of many World’s Prime 250 Tech Firms by CNBC. As well as, Prosper was acknowledged within the 2024 Bankrate Awards for Greatest in Private Loans, and in 2023, the agency was honored with the FICO® Choices Award for Monetary Inclusion.
“Our founders launched Prosper 20 years in the past to radically enhance the lending expertise for customers, and their imaginative and prescient has been central to all that we’ve carried out since to make the method of accessing credit score quick and easy,” stated Allyson Bryant, Head of Product and Advertising at Prosper. “Taking a look at how a lot we’ve carried out for customers, and the way far we’ve are available in our first 20 years, we sit up for what we are able to accomplish over the following 20 years—and past.”
About Prosper
Based in 2005, Prosper launched U.S. customers to an progressive new method to non-public finance referred to as peer-to-peer lending. Twenty years later, Prosper has helped over 2 million prospects obtain monetary well-being by a complete suite of merchandise.
Prosper’s flagship private mortgage market continues to supply a singular worth for debtors and buyers alike. Dwelling fairness loans and features of credit score by Prosper present owners a variety of choices and decisions for tapping into the fairness they’ve labored exhausting to construct. The Prosper® Card helps folks looking for entry to credit score and suppleness in managing their funds.
Whatever the product, Prosper is devoted to assembly folks the place they’re of their monetary journey, with a purpose to advance their monetary well-being. Be taught extra at www.prosper.com.
*All private loans made by WebBank.
Prosper’s borrower fee dependent notes (“Notes”) are provided pursuant to a Prospectus filed with the SEC. Buyers ought to rigorously think about the dangers, uncertainties, and different info described within the Prospectus earlier than investing.
The Prosper® Card is an unsecured bank card issued by Coastal Neighborhood Financial institution, Member FDIC, pursuant to license by Mastercard® Worldwide.
All residence fairness merchandise are underwritten and issued by Prosper’s Lending Companions. Please see your settlement for particulars.
Prosper Funding LLC
221 Primary Road, Suite 300 | San Francisco, CA 94105
© 2005-2025 Prosper Funding LLC. All rights reserved.
