SAN
FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- Prosper
Marketplace, the first peer-to-peer lending platform in
the United States, proudly
announces that, as of July 2024, it
has helped more than 2 million customers advance their financial
well-being through access to its personal loan, credit card, home
equity, and retail investor products.
This is a significant milestone, which has been achieved
following Prosper's expansion of its suite of services and products
over the past six years. The company has also provided access to
over $28 billion in funds for
borrowers since inception, including approximately $775 million in credit card sales in less than
three years.
"We are grateful to our customers for placing their trust in us
to support them on their financial journey," said David Kimball, CEO of Prosper. "During these
extraordinary times, when the economy is still recovering from the
global pandemic and is also dealing with inflation, higher interest
rates, and other challenges, it says so much that our customers
have chosen to work with us in a competitive financial services
marketplace."
In addition to obtaining personal loans issued by WebBank,
Prosper customers can:
- Utilize the Prosper® Card to access a line of credit
for meeting expenses and taking control of their finances.
- Turn home equity into cash with home equity loans and lines of
credit available through Prosper. Home equity loans and lines of
credit available via Prosper can enable customers to keep their
existing mortgages, and use the funds they receive for any
purpose1.
- Invest in peer-to-peer loans to earn solid returns while
diversifying their portfolios.
"Peer-to-peer lending has revolutionized financial services, by
giving individual investors the opportunity to help ordinary
Americans achieve their financial dreams while expanding and
diversifying their investment portfolio beyond conventional
options," Kimball continued. "While personal loans are a
vital component of our business, and our mission, we will continue
to provide additional tools and products to help Americans do more
for and with their credit. We congratulate our team, and our
customers, for all they have done to bring our business to this
point."
To learn more about what Prosper can do for you, please visit
https://www.prosper.com/about.
About Prosper
Founded in 2005, Prosper introduced U.S. consumers to an
innovative new approach to personal finance called peer-to-peer
lending. Almost 20 years later, Prosper has helped over 2 million
customers achieve financial well-being through a comprehensive
suite of products.
Prosper's flagship personal loan marketplace continues to offer
a unique value for borrowers and investors alike. Home equity loans
and lines of credit through Prosper provide homeowners a range of
options and choices for tapping into the equity they've worked hard
to build. The Prosper® Card supports people seeking
access to credit and flexibility in managing their finances.
Regardless of the product, Prosper is dedicated to meeting
people where they are in their financial journey, in order to
advance their financial well-being. Learn more at
www.prosper.com.
1. For Texas home equity
products through Prosper, funds cannot be used to pay (in part or
in full) non-homestead debt at account opening.
All personal loans made by WebBank.
The Prosper® Card is an unsecured credit card
issued by Coastal Community Bank, Member FDIC, pursuant to license
by Mastercard® International.
Prosper's borrower payment dependent notes ("Notes") are
offered pursuant to a Prospectus available at:
prosper.com/prospectus. Notes are not guaranteed or FDIC-insured,
and investors may lose some or all of the principal invested.
Investors should carefully consider these and other risks and
uncertainties before investing.
Home equity products through Prosper may not be available in
all states.
All home equity products are underwritten and issued by
Prosper's Lending Partners. Please see your agreement for
details.
Prosper Marketplace, Inc. NMLS# 111473_Licensing &
Disclosures | NMLS Consumer Access
Prosper Funding LLC_221 Main Street, Suite 300 | San Francisco, CA 94105_© 2005-2024 Prosper
Funding LLC. All rights reserved.
Equal Housing Lender
Contact:
Laura Marvin
JConnelly
prosperpr@jconnelly.com
973-349-2959
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SOURCE Prosper Marketplace