About Prosper
Prosper is a Financial Services company based in San Francisco (United States) founded in 2005 by Chris Larsen. Peer-to-peer lending platform connecting borrowers and investors. Prosper has raised $414.29 million across 17 funding rounds from investors including Goldman Sachs, UBS and Deutsche Bank. The company has 499 employees. Prosper has completed 2 acquisitions, including BillGuard and Prosper Healthcare. Prosper was last valued at $550 million in September 2017. Its chief executive, as recorded, is David Kimball. Its website prosper.com draws about 1.2 million monthly visits. Prosper offers products and services including Personal Loans, Credit Card, Home Equity Products, and Investments. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is Prosper Marketplace, Inc. Its competitors include LendingPoint, OneBlinc and Dharma; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Employees 499
- Founders Chris Larsen
- Stage Soonicorn
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website prosper.com
- Social LinkedIn X Facebook Instagram
- Legal Name Prosper Marketplace, Inc.
- Annual Revenue₹1450.56 Cras on Dec 31, 2024
- Net Profit-₹452.51 Cras on Dec 31, 2024
- Total Equity Funding$414.29M (USD)
in 17 rounds
- Latest Funding Round$75M (USD), Debt – Conventional
Nov 2022
- InvestorsGoldman Sachs
& 45 more
- Employee Count499
- Investments & AcquisitionsBillGuard
& 1 more
Products & Services of Prosper
Prosper offers a comprehensive portfolio of products and services, including Personal Loans, Credit Card, Home Equity Products, and Investments.
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.
Apps and channels of Prosper
Prosper publishes 2 mobile apps with over 200K+ downloads.
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 $414.29M
- Total Rounds 17
- Last Round Debt – Conventional — $75M
- First Round $7.5M
(Apr 2005)
- Investors Count 46
Latest 10 of 17 funding rounds of Prosper with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $75M | Debt – Conventional | – | Neuberger Berman | – |
| Jan 2019 | $40,000 | Series G | – | Global Insurance Accelerator | – |
| Jun 2018 | Series G | – | – | ||
| Sep 2017 | $50M | Series G | $550M | FinEX Asia | – |
| Feb 2017 | $5B | Debt – Conventional | – | – | |
| Apr 2015 | $165M | Series D | $1.9B | Credit Suisse | |
| May 2014 | $70.07M | Series D | – | Francisco Partners | |
| Sep 2013 | $25M | Series D | – | Sequoia Capital | |
| Jan 2013 | $20M | Series D | – | Sequoia Capital | |
| Nov 2011 | $9M | Series D | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2017 | $550M | •••••••• |
| Apr 2015 | $1.9B | •••••••• |
Full valuation and stage history of Prosper
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $550M (Sep 2017). 46 investors in total: 46 institutional.
Investors in Prosper
Prosper has secured backing from 46 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, UBS and Deutsche Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Secondary market fund focused on LP and direct secondary transactions | 1993 | nb.com | New York, United States | |
Startup accelerator focused on Financial Services sector | globalinsuranceaccelerator.com | Des Moines, United States | ||
Investments in life sciences, technology, healthtech, and crypto sectors from global locations. | fprimecapital.com | |||
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Crypto Bank is operated as a cryptocurrency management and payment platform. | bbvaventures.com | San Francisco, United States | ||
Venture capital firm | breyercapital.com | Menlo Park, United States | ||
Early-stage investments are directed toward fintech, insurtech, and AI startups. | usaacorpdev.com | San Antonio, United States | ||
Growth in technology companies is supported through venture capital. | ivp.com | Menlo Park, United States | ||
Private equity investment firm focused on technology sector | 1999 | franciscopartners.com | San Francisco, United States | |
A global venture capital firm focused on high-growth investments. | phenomenvc.com | London, United Kingdom |
Investor details for Prosper
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People of Prosper
154 people are tracked at Prosper (38 in leadership, 116 in team); the tracked headcount is 499.
| Name | Role | Group |
|---|---|---|
David Kimball | Chairman & CEO | Leadership |
Chris Larsen | Co-Founder | Leadership |
Usama Ashraf | President & CFO | Leadership |
Ted Buell | General Counsel & Chief Compliance Officer | Leadership |
Haiyan Huang | Head of Credit Risk | Leadership |
Shannon Tiberi | Associate Director Of Recovery | Leadership |
Rachel Roll | Director Total Rewards & People Ops | Leadership |
Pete Woodhouse | CTO | Leadership |
Jared Brown | Vice President of People and Places | Leadership |
Bapu Reddy | Director Of Engineering | Leadership |
Dena Gajkowski | Director, Talent Acquisition | Leadership |
Sundeep Ariga | Director Of Engineering, Quality | Leadership |
Zhifu Xiao | Director, Credit Risk Analytics | Leadership |
Venkatesh Ramaswamy | VP Of Engineering | Leadership |
Gauraav Gupta | Director Of Engineering | Leadership |
Jessie Chen | Director Of Credit Risk Strategy | Leadership |
John Goldston | Vp, Finance And Capital Markets | Leadership |
Andre Smirnov | Sr. Director, Devops & Techops | Leadership |
Matthew A. | Sr. Manager, Corporate IT (head Of It) | Leadership |
Joseph Rinaldo | Director, Capital Markets | Leadership |
134 more people are available in the full profile.
Complete people profiles for Prosper
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Investments & Acquisitions by Prosper
Prosper has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BillGuard and Prosper Healthcare.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
People-powered antivirus for bills. | billguard.com | Tel Aviv, Israel | 2010 | Sep 2015 | $30M | |
Patient financing is offered for elective medical procedures. | prosperhealthcare.com | Salt Lake, United States | 2009 | Jan 2015 | $21M |
Complete acquisition details for Prosper
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Timeline of Prosper
8 dated milestones of Prosper across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Prosper is founded.
- Funding First funding round of $7.5M.
- Acquisition Acquires Prosper Healthcare.
- Milestone Reaches Unicorn status.
- Acquisition Acquires BillGuard.
- Milestone Reaches Minicorn status.
- Milestone Reaches Soonicorn status.
- Funding Latest funding round, Debt – Conventional, of $75.0M.
Competitors of Prosper
Prosper has 3 listed competitors in our database, 3 of them funded. They include LendingPoint, OneBlinc and Dharma.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lendingpoint.com | 2014 | Atlanta, United States | $137.17M | Personal loans are facilitated through an online marketplace platform. | ||
| oneblinc.com | 2018 | Dania Beach, United States | $28.4M | 81 | Loans are facilitated for federal employees via an online marketplace. | |
| dharma.io | 2017 | San Francisco, United States | $7.12M | Global lending is enabled through blockchain records and credit checks. |
Detailed competitors of Prosper
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Web traffic of Prosper
The website of Prosper (prosper.com) receives about 1.2M visits a month and ranks #30,665 among all websites worldwide, #1,955 in Banking Credit and Lending.
- Monthly visits1.2M
▼ 1.4% vs previous month
- Unique visitors571.1K
per month
- Global rank#30,665
among all websites
- Category rank#1,955
Finance · Banking Credit and Lending
- Bounce rate26%
- Pages per visit6.4
- Average visit3 min 18 sec
- DevicesDesktop 35% · Mobile 65%
Websites whose visitors overlap most with Prosper. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lendingclub.com | 100% | 2.2M | #20,595 | View details | |
| lendingtree.com | 88% | 5.1M | #12,884 | View details | |
| avant.com | 79% | 2.1M | #19,824 | View details | |
| upstart.com | 78% | 4M | #11,909 | View details | |
| creditonebank.com | 78% | 11.7M | #3,362 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Prosper
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Top companies in Alternative Lending
3 companies that operate in the same segment as Prosper (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Prosper
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Frequently Asked Questions about Prosper
Prosper was founded in 2005.
Prosper is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
David Kimball is the CEO of Prosper, as recorded in our data.
Prosper is a funded company, having raised a total of $414.29M across 17 funding rounds to date. The company's 1st funding round was a Series D of $9M, raised on Apr 2005.
Prosper has 499 employees.
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.
Prosper's top competitors include LendingPoint, OneBlinc and Dharma.
Prosper offers Personal Loans, Credit Card, Home Equity Products, and Investments.
Prosper has made 2 acquisitions, including BillGuard, and Prosper Healthcare.
Prosper has 46 investors. Key investors include Goldman Sachs, UBS, Deutsche Bank, J P Morgan, and Morgan Stanley.
The valuation of Prosper is $550M as of Sep 2017.
Prosper operates through Prosper Marketplace, Inc..