Search Results for: Prosper

June 16, 2021 @ 10:28 pm By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of May 2021. As noted in the report from Prosper, dated June 15, 2021: In May 2021,… Read More

May 27, 2021 @ 8:57 pm By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared performance data from the Prosper Portfolio for April 2021. Prosper Performance Update – April 2021: Highlights from the report include: In April, “approximately 78%… Read More

March 26, 2021 @ 9:58 pm By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their Quarterly Investor Update – Q1 2021. Ashish Gupta, the Chief Credit Officer at Prosper Marketplace, writes in a blog post that the company… Read More

March 15, 2021 @ 10:10 am By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More

December 30, 2020 @ 8:53 am By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared their performance data from the Prosper Portfolio for November 2020. Last month, around 84% of originations were “rated AA-B compared to 86% in the… Read More

May 22, 2020 @ 5:38 pm By JD Alois  |  

Late last week, Prosper Marketplace filed its first-quarter report on operations and the document provides some insight into how the marketplace lender is faring during an economic landscape impacted by the Coronavirus. Overall, Prosper has originated $17.1 billion since platform inception through March 31, 2020…. Read More

May 5, 2020 @ 2:36 pm By Samantha Hurst  |  

Ontology (ONT), a “high-performance” public blockchain network that aims to provide a “distributed trust” platform, announced on Tuesday it has joined the Celo Foundation Alliance for Prosperity, which is a mission-aligned network of organizations fostering social impact and financial inclusion through the use of blockchain… Read More

April 13, 2020 @ 4:38 pm By JD Alois  |  

Prosper, a marketplace lending platform providing consumer credit as well as HELOCs, filed its most recent 10K late last month. At the time, the COVID-19 pandemic in the US was picking up pace. As is typical of these filings for all companies, Prosper included a… Read More

February 8, 2020 @ 8:38 am By JD Alois  |  

Fitch Ratings has upgraded the rates on several notes that are backed by loans from marketplace lending platform Prosper. According to Fitch, the ratings on the Class B and Class C Series 2018-1 (PMIT 2018-1) notes have improved due to the “growth in hard credit… Read More

November 4, 2019 @ 6:31 pm By JD Alois  |  

Prosper Marketplace, a leading marketplace lending platform, has launched a Home Equity Line of Credit (HELOC) product in partnership with BBVA. According to a blog post, the HELOC is currently available in Texas, Florida, Arizona and Alabama. Prosper said the two companies are bringing together… Read More

August 13, 2019 @ 2:53 pm By Samantha Hurst  |  

Leading marketplace lending platform Prosper announced on Tuesday the release of its Second Quarter 2019 Financial Results. Prosper reported that during the quarter personal loan originations increased 27% compared to the first quarter of 2019, and the online lender has now generated positive adjusted EBITDA… Read More

May 13, 2019 @ 8:14 am By Samantha Hurst  |  

Leading marketplace lending platform Prosper announced on Monday the release of the financial results for the first quarter of 2019. Prosper reported that during the quarter it closed its second warehouse facility with $300 million in commitments, providing the company with $500 million in total… Read More

April 19, 2019 @ 11:13 am By JD Alois  |  

Leading marketplace lending platform Prosper has settled fraud charges for misstating returns, according to a release from the Securities and Exchange Commission (SEC).  Without admitting or denying the allegations, Prosper has consented to an SEC order finding it violated an anti-fraud provision of the Securities… Read More

March 29, 2019 @ 8:36 am By Samantha Hurst  |  

Prosper, a leading peer-to-peer lending platform connecting borrowers and investors, has released the financial results for the full year ended December 31, 2018. Financial highlights include: Total Net Revenue, which includes the non-cash impact related to warrants to purchase preferred stock, decreased to $104.4 million… Read More

November 15, 2018 @ 2:16 pm By JD Alois  |  

Online lender Prosper will be adding a new digital Home Equity Line of Credit (HELOC) product in 2019, according to a note from the company. The introduction of the HELOC is described as a new milestone for the marketplace lending platform. Prosper is one of… Read More

August 15, 2018 @ 2:23 pm By Samantha Hurst  |  

Online lender Prosper announced earlier this week the release of its 2018 second quarter results. According to Prosper, year-over-year loan originations increased 12% to $867 million, Net Loss decreased 70% to ($12.6) million and Adjusted EBITDA has also increased 31% to $8.8 million. Highlights of the… Read More

July 28, 2018 @ 8:48 am By JD Alois  |  

Online lender Prosper announced a new milestone yesterday. The marketplace lending platform topped one million loans this past week representing over $13 billion in originations. The news, shared via a blog post, stated; “Since we launched in 2006 as the first peer-to-peer lending company in… Read More

June 4, 2018 @ 1:00 pm By Samantha Hurst  |  

Renew Financial, the inventor of Property Assessed Clean Energy (PACE) financing and a leading provider of financing for home improvements, announced last it has appointed Kirk Inglis, currently Renew Financial’s CFO, as its new CEO. According to Renew, Inglis has more than 20 years of experience… Read More

May 16, 2018 @ 9:45 am By Samantha Hurst  |  

Prosper, a peer-to-peer lending platform connecting borrowers and investors, reported earlier this week its financial results for the first quarter of 2018. The online lender revealed that loan originations increased 27% year-over-year to $744 million, driven by strong demand for the company’s personal loan product… Read More

January 4, 2018 @ 2:00 pm By Samantha Hurst  |  

Prosper Marketplace, a leading peer-to-peer lending platform connecting borrowers and investors, announced on Wednesday it has appointed Justine Metz as Executive Vice President of Marketing. According to the online lender, Metz has over 25 years of marketing experience and joins Prosper from SRS Acquiom, a… Read More