About Prosper Funding
Prosper Funding offers a variety of financial products aimed at improving financial wellbeing for individuals. Their main offerings include personal loans, credit cards, and home equity lines of credit, which are available to people with different credit backgrounds. Personal loans are provided through WebBank, while the Prosper® Card is issued by Coastal Community Bank and operates under a Mastercard license. Prosper distinguishes itself from competitors by focusing on affordability and ensuring fair access to financial services as an equal housing lender. The company's goal is to provide accessible financial solutions that help individuals manage their finances effectively.
San Francisco, CaliforniaHeadquarters
2005Year Founded
$160.4MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees
Benefits
Health Insurance
Unlimited Paid Time Off
Parental Leave
Mental Health Support
Wellness Program
Childcare Support
Pet Insurance
Risks
Increased competition from new fintech startups threatens Prosper's market share.
Waverly Advisors' acquisition may disrupt Prosper's current operations.
Reliance on crowdfunding could lead to financial instability if investor interest declines.
Differentiation
Prosper offers a data-driven underwriting model enhancing loan approval accuracy.
The platform provides low, fixed-rate loans with no hidden fees or prepayment penalties.
Prosper is a pioneer in peer-to-peer lending, established in 2005.
Upsides
AI-driven credit scoring models enhance Prosper's loan underwriting efficiency.
Embedded finance trends offer partnership opportunities for Prosper's expansion.
Open banking regulations facilitate better data sharing for personalized financial products.
Funding
Total raised$160.41 M
Latest valuation$550.00 M
StageDEBT
DEBT
10/31/2022$75
SERIES G
8/31/2017$50
$550.00 MSECONDARY
2/29/2016$2
$1.90 BLATE VC
12/31/2012$20
$100.00 MSERIES F
10/31/2011$9
$44.50 MSERIES E
5/31/2011$17
$86.00 MSERIES D
3/31/2010$15
$73.50 MSERIES C
5/31/2007$20
$100.00 MSERIES B
1/31/2006$12
$62.50 M