Parker Barrile, Formerly of Google & LinkedIn, Joins Prosper as Chief Product Officer

Parker BarrileParker Barrile, an executive with an impressive resume that includes stints at Google, LinkedIn, Bain and more, has joined Prosper as Chief Product Officer. A Stanford grad, Barrile was also founder and CEO of Predictify, a community-based prediction platform where members could make and vote on predictions regarding current events. Prosper, a leading marketplace lending platform, has stated that Barrile will be responsible for managing Prosper’s growing product portfolio across both web and mobile platforms. Barrille will also be leading the UX teams at Prosper.

Prosper is experiencing a period of dramatic growth as direct lenders gain traction from both consumers and SMEs seeking access to capital.  This most recent quarter was Prosper’s largest ever having originated over $912 million in loans.  According to Prosper, they are on track to double loan originations in 2015 from $1.6 billion in 2014. Originated loans hit only $357 million in 2013.

Many industry followers expect Prosper to chart a path to an IPO in the coming months, following Lending Club in becoming a publicly traded company. Prosper has facilitated over $4 billion in loans to date.

 



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