Prosper

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Headline: Let's bank on each other.

Website: http://prosper.com/

Prosper is a people-to-people lending marketplace that attempts to make consumer lending more financially and socially rewarding.

Address: 111 Sutter Street, 22nd Floor San Francisco, CA 94104 Map it »

Phone: 800-208-0103

Industry: Consumer Internet

Sub-Industry: Shopping / eCommerce

Legal Structure: Corporation

Ownership: Private

Date	Type	Capital Amount	Post-Money Valuation	Investors
04/2005	Series A	7.5M	Unknown	Accel Partners, Benchmark Capital
02/2006	Series B	12.5M	Unknown	Accel Partners, Benchmark Capital, Fidelity Ventures, Omidyar Network
06/2007	Series C	20M	Unknown	Benchmark Capital, Duff Ackerman & Goodrich, Fidelity Ventures, Meritech Capital Partners, Omidyar Network

Name:	Prosper
Product URL:	http://prosper.com/
Date Launched:	02/2006
Description:	Prosper is an online auction website where people can buy loans and request to borrow money. Borrowers set the maximum rate they wish to pay, and loan buyers set the minimum rate they wish to receive. Prosper verifies selected borrowers' identity and personal data before funding loans, and manages loan repayment. These unsecured loans are fully amortized over three years, with no pre-payment penalty. Prosper generates revenue by collecting a one-time fee on funded loans from borrowers, and assessing an annual loan servicing fee to loan buyers.
Screenshots:

Last Edit:

11/03/2008 06:32PM by linderman57

History:

User Opinions

Bullish Opinions (8)	Author/Date
Easy to use. Add Comment	map2010 12/02/2008	100% 1 vote 1 0% 0
So far so good. I have 30 loans out and am doing OK with propser.com Add Comment	yamir87089 08/09/2008	100% 3 votes 3 0% 0
innovative approach to lending. virgin just started this too. Add Comment	benson11 07/31/2008	100% 2 votes 2 0% 0
p2p loans are gaining popularity - bank loans carry too much interest Add Comment	yuxin9303 07/09/2008	100% 1 vote 1 0% 0
Smart, easy-to-understand interface Add Comment	green33 06/12/2008	100% 2 votes 2 0% 0
Good execution of an innovative idea Add Comment	green33 06/11/2008	100% 2 votes 2 0% 0
They have a lead in the person to person lending market in the US Add Comment	techgeek4 06/03/2008	100% 3 votes 3 0% 0
with weakening economy, consumers are using alternatives to banks Add Comment	alexdao 05/06/2008	100% 6 votes 6 0% 0

Bearish Opinions (2)	Author/Date	Do you agree?
Trust in people in the US is lower than many other places in the world. Add Comment	tommyb 08/05/2008		100% 1 vote 1 0% 0
With weakening economy, people may be less willing to lend Add Comment	green33 06/17/2008		100% 1 vote 1 0% 0