Prosper
formerly Prosper MarketplaceHelping people thrive since 2005
San Francisco, United States · Founded 2005 · $145.0M raised
- Headquarters
- San Francisco, California
- Employees
- 201–500
- Founded
- 2005
- Business Model
- Marketplace
- Website
- prosper.com
- Total Funding
- $145.0M
- Last Round
- $50.0M Series G+Jan 2024
- Rounds
- 6
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 8 funding rounds and 7 investors for this company. The full record is or through the API.
About
Prosper is one of the first peer-to-peer lending platforms in the United States, founded in 2005 and headquartered in San Francisco, California. The company connects individual and institutional investors with creditworthy borrowers seeking personal loans, home equity loans, and credit cards. Prosper has facilitated loans for over 2 million people and operates a transaction-based business model, earning revenue through origination fees (1–5% from borrowers) and a 1% annual servicing fee from investors. The platform uses proprietary credit risk models and the Prosper Rating system to price loans. Prosper also offers a home equity line of credit (HELOC) product and a co-branded credit card, expanding beyond its original P2P lending roots. The company holds an A+ rating from the Better Business Bureau.
Summary
Prosper is a Fintech company based in San Francisco, United States, founded in 2005. It has raised $145.0M in total across 6 rounds, most recently a $50.0M Series G+ round in Jan 2024. Investors include Sequoia Capital, FinEX Asia and Francisco Partners.
Tech & App Stack
10 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
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Funding History
2024 (est.)
Sign up to see all 8 events
Funding: Series A through Series G+. Amounts, valuations, and investors where available.
Investors
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