Tagged: prosper

Marketplace Lender Prosper Shares Performance Update for March 2022

Prosper Cooler

The team at Prosper has shared their platform’s Performance Update for March 2022. Haiyan Huang from Prosper notes that in March 2022, approximately 55% of loan originations “were rated AA- B, remaining stable month-over-month.” And the average loan size in March “decreased by approximately 4% month-over-month.”… Read More

Marketplace Lender Prosper Shares Performance Update for Jan 2022

Wall Street Journal Newspaper

The team at Prosper has shared their platform’s Performance Update for January 2022. Haiyan Huang from Prosper notes that in January 2022, approximately 57% of loan originations “were rated AA-B.” The company further noted that the average loan size in January “increased by 4% month-over-month.”… Read More

Alto Teams Up With Prosper to Enable AltoIRA Clients to Invest in Consumer Loans

Loans Lending Borrow Debt

Alto Solutions, Inc., the self-directed IRA platform making it easy and affordable for individuals to invest in alternative assets via tax-advantaged retirement funds, has announced the company’s partnership with Prosper Marketplace, Inc., an online marketplace for consumer loans. Users of the Alto IRA platform may… Read More

Marketplace Lender Prosper Shares Latest Performance Update for December 2021

Azrieli Center Tel Aviv Israel

Haiyan Huang from marketplace lender Prosper has shared the platform’s latest performance data from the Prosper Portfolio for December 2021. In an update from Prosper, dated January 15, 2021, the firm has shared key highlights from the report as follows: Performance Update In December 2021,… Read More

Online Marketplace Lender Prosper Reports that 62% of Loan Originations in November were Rated AA-B

Prosper Cooler

Haiyan Huang from marketplace lender Prosper has shared performance data from the Prosper Portfolio for November 2021. Here are the key highlights (shared by Prosper) from the report. Performance Update In November 2021, around 62% of loan originations “were rated AA-B.” Average loan size “decreased… Read More

Online Marketplace Lender Prosper Reports that 67% of Loan Originations in Sept were Rated AA-B

Farm Loans Lending Borrow Bank

Prosper, a marketplace 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 September 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated October 15,… Read More

Prosper Reports that Median Monthly Payment Loan to Income Ratio Remained Fairly Flat MoM at 5.23%

50 Dollars Grant Money Cash Spend Pay

Prosper, a marketplace 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 August 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated September 15,… Read More

Online Marketplace Lender Prosper Reports that Around 67% of Loan Originations Rated AA-B in July 2021

Find Search Seek Money Magnify Scrutiny Dollar

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 July 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated August 13,… Read More

Marketplace Lender Prosper Implements New Credit Risk Scoring Model, CH-R Rating Mix Increases 26%

Prosper Sign

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 June 2021. As noted in the report from Prosper, dated July 15, 2021: “In June, we… Read More

Marketplace Lender Prosper Reports that 78% of Originations Rated AA-B in May 2021, with $13K Avg Loan Size

Farm Loans Lending Borrow Bank

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

Marketplace Lender Prosper Reports Relatively Stable Loan to Income Ratio for April 2021

Farm Loans Lending Borrow Bank

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

Marketplace Lender Prosper Releases Quarterly Investor Update, Borrower Rates on Platform Higher than Pre-Pandemic Levels

Prosper at LendIt

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

Marketplace Lender Prosper Reports 81% Originations Rated AA-B, Avg Loan Size was $13k, Avg Borrower Income $103k for Feb 2021

Prosper Sign

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

Marketplace Lender Prosper has Provided $18 Billion in Loans, Platform Issued 2,258 Loans this Past Week

Prosper Sign

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

Prosper Quarterly Report Provides Insight into Operations in a Coronavirus Economy

Prosper at LendIt

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

Prosper Adds Cautionary Note on COVID-19 in Latest 10K

Prosper Sign

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

Marketplace Lending: Fitch Upgrades Prosper Notes

Prosper Cooler

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

Prosper Partners with BBVA on New HELOC Product

David Kimball

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

Ron Suber Shares Perspective on Fintech: “Creating a successful digital bank is like golf and bridge – harder than it looks”

Ron Suber Diversity of Investors at NASDAQ

Ron Suber is one of the better-known names in the Fintech sector. Originally, Suber’s role as the President of the marketplace lending platform Prosper Marketplace brought Suber’s name to prominence as the Fintech emerged as an early leader in the US online lending market. Since… Read More

Report: Ron Suber Takes Board Seat at Fintech Qwil

Ron Suber Prosper Pool Table

Ron Suber, well-known in the Fintech sector for his leadership at Prosper and his many Fintech investments, has recently taken a board seat at Fintech startup Qwil. According to a report in the SF Business Journal, after being an investor, both debt and equity, and… Read More

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