About Prosper
Prosper is a company based in San Francisco (United States) founded in 2005.. Prosper has raised $414.29 million across 17 funding rounds from investors including Goldman Sachs, Deutsche Bank and J P Morgan. Prosper has completed 2 acquisitions, including BillGuard and Prosper Healthcare. Prosper offers products and services including Personal Loans, Credit Card, Home Equity Products, and Investments. Prosper operates in a competitive market with competitors including LendingPoint, Lendable, OneBlinc, Dharma and LendStreet, among others.
- Headquarter San Francisco, United States
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Prosper Marketplace, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$414.29 M (USD)
in 17 rounds
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Latest Funding Round
$75 M (USD), Debt – Conventional
Nov 17, 2022
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Investors
Goldman Sachs
& 32 more
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Employee Count
Employee Count
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Investments & Acquisitions
BillGuard
& 1 more
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Products & Services of Prosper
Prosper offers a comprehensive portfolio of products and services, including Personal Loans, Credit Card, Home Equity Products, and Investments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans for debt consolidation and home improvements up to $50,000.
Unsecured card for building credit with up to $3,000 limit.
Lines of credit and loans up to $500,000 against home equity.
Opportunities to invest in personal loans for portfolio diversification.
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Funding Insights of Prosper
Prosper has successfully raised a total of $414.29M across 17 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $75 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 17
- Last Round Debt – Conventional — $75.0M
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First Round
First Round
(01 Apr 2005)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Debt – Conventional - Prosper | Valuation | Neuberger Berman |
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| Jan, 2019 | Amount | Series G - Prosper | Valuation | Global Insurance Accelerator |
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| Jun, 2018 | Amount | Series G - Prosper | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prosper
Prosper has secured backing from 33 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Deutsche Bank and J P Morgan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Secondary market fund focused on LP and direct secondary transactions
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Founded Year | Domain | Location | |
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Startup accelerator focused on Financial Services sector
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prosper
Prosper has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BillGuard and Prosper Healthcare. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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People-powered antivirus for bills.
|
2010 | ||||
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Patient financing is offered for elective medical procedures.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Prosper
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prosper Comparisons
Competitors of Prosper
Prosper operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LendingPoint, Lendable, OneBlinc, Dharma and LendStreet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personal loans are facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Personal loans are enabled via an online P2P marketplace.
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| domain | founded_year | HQ Location |
Loans are facilitated for federal employees via an online marketplace.
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| domain | founded_year | HQ Location |
Global lending is enabled through blockchain records and credit checks.
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| domain | founded_year | HQ Location |
Debt refinancing is enabled online for accredited investors by invitation.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prosper
Frequently Asked Questions about Prosper
When was Prosper founded?
Prosper was founded in 2005.
Where is Prosper located?
Prosper is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Prosper?
David Kimball is the current CEO of Prosper.
Is Prosper a funded company?
Prosper is a funded company, having raised a total of $414.29M across 17 funding rounds to date.
What does Prosper do?
Founded in 2005 in San Francisco, United States, Prosper operates as a peer-to-peer lending marketplace in the fintech sector. Loan requests ranging from 2,000 to 35,000 are listed by borrowers, while investors fund selected listings starting at 25 per loan. Servicing of matched loans is handled by the platform, which also provides personal loans for business purposes. Over 5 billion in loans had been disbursed by February 2016.
Who are the top competitors of Prosper?
Prosper's top competitors include Lendable, LendingPoint and OneBlinc.
What products or services does Prosper offer?
Prosper offers Personal Loans, Credit Card, Home Equity Products, and Investments.
How many acquisitions has Prosper made?
Prosper has made 2 acquisitions, including BillGuard, and Prosper Healthcare.
Who are Prosper's investors?
Prosper has 33 investors. Key investors include Goldman Sachs, Deutsche Bank, J P Morgan, Morgan Stanley, and Atlanticus Holdings.
What is Prosper's valuation?
The valuation of Prosper is $550M as of Sep 2017.
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