Tagged: prosper

February 15, 2016 @ 11:31 pm By JD Alois  |  

Prosper, a leading marketplace lending platform in the US, has raised its rates. In an email to registered investors, Prosper stated it had increased its estimated loss rates and thus updated the price of loans to reflect the intrinsic increase in risk.  The platform stated;… Read More

February 7, 2016 @ 1:07 pm By JD Alois  |  

Leading marketplace lending platform Prosper acquired an Israeli startup towards the end of 2015 called BillGuard.  BillGuard’s service allows consumers to track their spending across many accounts, budget effectively, and protect their money from wrongful charges while monitoring a user’s credit score. It may also… Read More

January 27, 2016 @ 12:47 am By Anthony Zeoli  |  

Real estate crowdfunding is one of the most popular forms of investment-based crowdfunding in the industry today. That is why it has already accounted for millions of dollars in project funding in just the last couple years. As the popularity and viability of this market… Read More

January 12, 2016 @ 4:21 pm By JD Alois  |  

Industry representatives from the two largest economies in the world, China and the United States, will gather in San Francisco later this month to discuss the future of P2P / marketplace lending.  The conference is organized by Sync US International (Chi Mei International) a bilateral “resource”… Read More

January 7, 2016 @ 2:30 pm By Therese Torris  |  

Lendix, one of the 60 companies who joined the fray of crowdlending platforms in 2015 has quickly taken the leadership position by designing a marketplace that meets the needs of institutional investors. Marketplace lending to small and medium size enterprise (SMEs) is taking off in… Read More

December 29, 2015 @ 4:21 pm By Samantha Hurst  |  

Last week, marketplace lending platform Prosper announced the winners of the #MyProsperStory contest. This was an opportunity for borrowers to have their loan paid in full free of charge. The contest was simple: Create a short video (3 minutes max) and tell your story. Email it off… Read More

December 18, 2015 @ 9:58 am By Samantha Hurst  |  

On Friday, marketplace lending platform Prosper announced that it has appointed former Capital One executive, Kunal Kaul, as executive vice president of operations. Kaul led Capital One’s Home Loans Originations Operations Excellence. At Prosper, Kaul will be responsible for developing all aspects of the company’s operations, including… Read More

December 16, 2015 @ 2:42 pm By JD Alois  |  

As most Fed followers expected, the FOMC decided to increase interest rates nudging up rates by 25 basis points. The last time the Fed raised rates was almost 10 years ago. The back and forth chatter regarding when the Fed would act has been a… Read More

December 10, 2015 @ 3:04 pm By JD Alois  |  

There was much chatter regarding the origin of the $28,500 transfer into the accounts of Syed Farook and Tashfeen Malik, the San Bernardino terrorist that brutally killed 14 innocent people. It quickly came to light the loan had originated from Prosper, a leading marketplace lending… Read More

December 9, 2015 @ 9:00 am By Samantha Hurst  |  

Following its $10 million Series A financing in September, Credible (credible.com), the multi-lender marketplace, today announced its expansion into personal loans. Credible’s marketplace for personal loans will include several of the leading online lending companies including Prosper, Lending Club, Avant, Upstart and Pave. Stephen Dash,… Read More

December 2, 2015 @ 12:21 am By JD Alois  |  

The king of banks, JP Morgan Chase, has decided to partner with a so-far unnamed peer to peer / marketplace lending platform as it seeks to adapt to the fast changing sector of online finance.  CEO Jamie Dimon, speaking on a panel at a US… Read More

December 1, 2015 @ 4:04 pm By Samantha Hurst  |  

BillGuard, a personal finance analytics application and a subsidiary of Prosper Marketplace, on Tuesday announced significant updates to its pricing plans. The website is now offering several features of its money monitoring mobile application for free, enabling consumers to better control and protect their finances… Read More

December 1, 2015 @ 1:11 pm By Erin Hobey  |  

Five years ago, fintech trailblazer Peter Renton launched Social Lending Network which rebranded to Lend Academy in 2012. On his blog Renton reflects on industry changes during the half-decade. “Back in November 2010, Lending Club had issued less than $200 million in total loans and was focused primarily on retail… Read More

November 22, 2015 @ 6:06 pm By JD Alois  |  

LendingRobot announced a new partnership this past week. Funding Circle, an SME marketplace lending platform, is now available to investors using LendingRobot’s auto investment service which previously listed Lending Club and Prosper loans. LendingRobot CEO Emmanuel Marot stated the addition demonstrated their platform was “extensible… Read More

November 12, 2015 @ 8:13 pm By Erin Hobey  |  

  “I think Fintech, particularly as it applies to lending, has the capacity to completely transform how consumers and small business use credit. The best platforms are true innovators, underwriting consumers and small businesses in new ways using data that was simply unavailable ten or… Read More

November 3, 2015 @ 6:19 pm By JD Alois  |  

Prosper is offering the opportunity for borrowers to have their loan paid in full free of charge once again.  The marketplace lending platform is launching their #MyProsperStory Video Contest to share your story as to how Prosper helped you to manage your finances more effectively…. Read More

October 2, 2015 @ 8:58 am By JD Alois  |  

Prosper has announced a new milestone. The marketplace lending platform has topped $5 billion in loans matched via its platform.  According to Prosper, the lending platform had a record quarter of $1.070 billion in loans.  Only a year ago, Prosper passed the $2 billion mark…. Read More

October 1, 2015 @ 3:34 pm By JD Alois  |  

  As the Marketplace Lending industry begins to mature, awareness is growing across the population.  More and more consumers realize they may be able to save time, and money, by doing a greater portion of their banking online. Lending Club, the largest Marketplace Lending platform… Read More

September 24, 2015 @ 9:43 am By JD Alois  |  

Direct lending platform Prosper Marketplace is broadening the services of its platform by entering the personal financial sector. The San Francisco-based marketplace lending platform has signed a definitive agreement to acquire Israeli startup Billguard.  The acquisition is being called “transformative’ for the company that, to date,… Read More

September 10, 2015 @ 2:31 pm By Samantha Hurst  |  

InvestX Capital Ltd., developers of a cross border platform that give investors access to retail size allotments of private equity and venture capital backed companies alongside institutional investors, announced today that it has opened up its second round financing on the Waverley – Powered by… Read More