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

February 27, 2018 @ 10:13 am By JD Alois  |  

Pagaya Investments, a Fintech company in the asset management space, has received $75 million in debt financing from Citi. Simultaneously, Pagaya announced the creation of the “Opportunity Fund” to meet growing institutional interest in consumer credit as an asset class. Launched in2016, Pagaya has raied… Read More

January 18, 2018 @ 9:40 pm By JD Alois  |  

  There are several people in the online lending industry, inclusive of marketplace and balance sheet lending, that truly know just about everything going on in this evolving sector of finance. Ram Ahluwalia, CEO and co-founder of PeerIQ is one of these persons. His company… Read More

January 17, 2018 @ 1:30 am By Timothy Li  |  

Last year, I boldly predicted 10 Fintech movements that will take place as Earth makes another perfect rotation around our Sun. It’s always fun to look back and see how wrong I was, so let’s stump the chump! Here are my original predictions. Let’s score… Read More

January 4, 2018 @ 9:51 pm By JD Alois  |  

  Ron Suber is one of the best known names in the marketplace lending world and a staunch champion of the future of online lending. For many years, Suber was President of Prosper – a leading platform that targets the consumer lending sector – mainly… 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

December 12, 2017 @ 9:55 am By Samantha Hurst  |  

Peer-to-peer lending platform Prosper announced on Tuesday it has appointed former Chief Marketing Officer of J.P. Morgan, Claire Huang to its board of directors. According to Prosper, Huang has held senior leadership positions at various well-known financial services companies, which includes Bank of America, Fidelity Investments, and American Express. While… Read More

November 13, 2017 @ 1:26 pm By Samantha Hurst  |  

On Monday, leading peer-to-peer lending platform for consumer loans, Prosper, reported growth in both transaction revenue and loan originations for the third quarter of 2017. The online lender claimed that the continued demand for personal loan product resulted in $822 million in loan originations through its… Read More

October 31, 2017 @ 9:23 am By JD Alois  |  

Fitch has moved to upgrade ratings that impact assets originated on the Prosper marketplace lending platform. According to the rating agency, Fitch taken the following rating actions on two Citi Held for Asset Issuance trusts, which are backed by marketplace loans: CIiti Held for Asset Issuance… Read More

October 16, 2017 @ 3:12 pm By JD Alois  |  

  Ron Suber has become one of the most recognizable voices in the global Fintech arena. Since officially departing the Fintech he helped to create, the former President of Prosper Marketplace has become an elder statesman for online lending and financial innovation in general. An… Read More

September 22, 2017 @ 8:49 am By Samantha Hurst  |  

Prosper announced on Thursday it has secured a $50 million Series G investment from an investment fund co-managed by FinEX Asia. The online lender revealed that the investment brings its total equity raised to $410 million to date and it will be used to make strategic investments in… Read More

August 22, 2017 @ 8:43 am By JD Alois  |  

RiverNorth is out with an encouraging note on its fund that invests in marketplace lending platform loans. As of the end of July 2017, RiverNorth’s portfolio consisted of 10,173 loans, with an average loan size of $10,176. The RiverNorth Marketplace Lending (NASDAQ:RMPLX) is designed to provide… Read More

August 14, 2017 @ 1:49 pm By JD Alois  |  

Prosper Marketplace, a leading marketplace lending platform, has reported improved numbers for the second quarter.  Prosper has shared that it generated positive operating cash flow for the quarter and originations rocketed up 74% year over year. Prosper said they experienced strong demand for its personal… Read More

August 7, 2017 @ 11:58 am By JD Alois  |  

Prosper Marketplace, one of the largest marketplace lending platforms in the US, is reportedly raising capital again at a significant decline to previous valuations. According to a report in the Information, Prosper is raising equity capital at a valuation of $550 million. This represents a… Read More

August 1, 2017 @ 12:17 pm By JD Alois  |  

Ron Suber, President Emeritus of Prosper and high-profile Fintech ambassador and investor, has signed up as the Executive Vice Chairman of Credible. Suber will also become a member of Credible’s Board of Directors. Credible is a multi-lender marketplace that allows borrowers to receive competitive loan… Read More

July 31, 2017 @ 10:07 am By Samantha Hurst  |  

On Friday, marketplace lending platform Prosper announced it was officially discontinuing its Prosper Finance Daily app on Monday (August 31st). The online lender revealed to help its users through the transition, it has teamed up with personal finance app Clarity Money to offer some of… Read More

July 21, 2017 @ 10:15 am By JD Alois  |  

Ron Suber, perhaps the most prominent global Fintech Ambassador and President Emeritus of Prosper Marketplace, is on an extended swing across Asia visiting various platforms and presenting at events. Visiting with CNBC Asia this week, Suber explained how important transparency is for online lending and… Read More

June 29, 2017 @ 7:40 pm By JD Alois  |  

Ron Suber, an iconic voice in the emerging Fintech sector and the most prominent leader in the marketplace lending industry, has announced his departure from Prosper Marketplace. First reported in a note published on LendAcademy, after five years of leadership at Prosper,  Suber has determined… Read More

June 16, 2017 @ 10:27 am By JD Alois  |  

A report from Bloomberg this week takes certain online lending platforms to task regarding the fact that some online lenders are not verifying income status.  The report also says that even if there are errors in loan applications the loan may still be approved. More… Read More

May 17, 2017 @ 3:47 pm By JD Alois  |  

Kroll Bond Rating Agency (KRBA) has assigned preliminary ratings to three classes of notes issued by Prosper for $450.5 million that is expected to close on May 24, 2017. This will be the sixth securitization which is collateralized by unsecured consumer loans which have been… Read More