Prosper Marketplace, Inc.

Prosper Marketplace, Inc.

Prosper Marketplace, Inc.

Overview
Date Founded

2005

Headquarters

221 Main Street,Suite 300,3rd floor,San Francisco, CA 94105

Type of Company

Private

Employees (Worldwide)

415

Industries

Consumer Finance
Holding Companies

Company Description

Prosper Marketplace, Inc. operates as a holding company with interest in operating a peer-to-peer online credit platform. The firm through its subsidiary Proper Funding operates an online marketplace that permits the lender members to bid on loan listings and purchases. It handles the funding and servicing of the loan on behalf of the matched borrowers and investors. The company was founded by Christian A. Larsen and John B. Witchel in 2005 and is headquartered in San Francisco, CA.

Website

http://www.prosper.com

Contact Data
Trying to get in touch with decision makers at Prosper Marketplace, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
In The News
Los Angeles Times
December 26, 2019
Online lenders shift to the less risky; LendingClub and its rivals are acting more like banks, rejecting subprime borrowers after years of losses.
ENP Newswire
December 17, 2019
-KBRA Withdraws the Class B Rating on Prosper Marketplace Issuance Trust
American Banker
December 16, 2019
Fintech lenders tighten standards, become more like banks
Business Wire
November 12, 2019
Prosper Reports Third Quarter 2019 Financial Results; Personal Loan Originations Up 13% Year-over-Year; Company's New Digital HELOC Platform Launched in Collaboration with BBVA USA Improves the Home Equity Line of Credit (HELOC) Experience for Homeowners
RelSci
November 8, 2019
Justine Metz is no longer serving in their position at Prosper Marketplace, Inc.

Reveal deeper insights into your organization's relationships
with RelSci Contact Aggregator.

Empower Your Business Applications with Industry-Leading
Relationship Data from the RelSci API.

Get Contact Information on the
World's Most Influential Decision Makers.

Discover the Power of Your Network with
RelSci Premium Products.
Executives & Employees
See More
David K. Kimball

Chief Executive Officer

Usama Ashraf

Chief Financial Officer

Cheryl Law

Chief Marketing Officer

Brad Pennington

Chief Risk Officer

Ronald Suber

President Emeritus & Senior Advisor

Kunal Kaul

Executive Vice President-Operations

Yasemin Tarakci

Senior Director

Gina Ravago

Director

Abby McGuire

Recruiting Coordinator

Kathryn Dufau

Recruiting Coordinator

Board of Directors
David K. Kimball

Chief Executive Officer at Prosper Marketplace, Inc.

Mason Haupt

Director at Prosper Marketplace, Inc.

Ronald Suber

Strategic Advisor at Juvo Mobile, Inc.

Usama Ashraf

Chief Financial Officer at Prosper Marketplace, Inc.

Claire A. Huang

Former Chief Marketing Officer at JPMorgan Chase & Co.

Trending People
Micron Technology, Inc.
U.S. Patents Awarded to Inventors in Colorado (Feb. 28) - Targeted News Service
Microsoft Corporation
Snapchat, but make it professional: LinkedIn tests a Stories feature - CNET - CNET
Walgreen Co.
CVS and Walgreens warn there could be a shortage of hand sanitizer - CNN
Federal Communications Commission
FCC proposes millions in fines for top US wireless carriers over privacy violati... - CNN
US Department of Housing & Urban Development (DC)
TUSD’s Sedgwick calls Jamaica stay an ‘important move’ - The Arizona Daily Star
Trending Organizations
Micron Technology, Inc.
U.S. Patents Awarded to Inventors in Colorado (Feb. 28) - Targeted News Service
Microsoft Corporation
Snapchat, but make it professional: LinkedIn tests a Stories feature - CNET - CNET
Walgreen Co.
CVS and Walgreens warn there could be a shortage of hand sanitizer - CNN
Federal Communications Commission
FCC proposes millions in fines for top US wireless carriers over privacy violati... - CNN
US Department of Housing & Urban Development (DC)
TUSD’s Sedgwick calls Jamaica stay an ‘important move’ - The Arizona Daily Star
Paths to Prosper Marketplace, Inc.
Potential Connections via
Relationship Science
You
Prosper Marketplace, Inc.
Recent Transactions
Details Hidden

Benchmark Capital Management Co. LLC, IDG Capital, Breyer Capital LLC, Sequoia Capital, Meritech Capital Partners, DAG Ventures LLC, Prosper Marketplace, Inc., NB Alternatives Advisers LLC, Phenomen Ventures Lp purchase BillGuard, Inc. from Bessemer Venture Partners, Khosla Ventures LLC, The Founders Fund Management LLC, P & L Advisors LLC, Founder Collective Management Co. LLC, SV Angel LLC, IA Ventures, Innovation Endeavors LLC

Details Hidden

Prosper Marketplace, Inc. raised money in a private placement transaction

Details Hidden

Benchmark Capital Management Co. LLC, IDG Capital, Institutional Venture Partners, Threshold Ventures, Inc., Accel Partners LLC, Sequoia Capital, Meritech Capital Partners, Francisco Partners Management LP, Crosslink Capital, Inc. (Venture Capital), Omidyar Network, DAG Ventures LLC, Prosper Marketplace, Inc., QED Investors LLC, Volition Capital LLC, TomorrowVentures LLC, Garrison Investment Group, Phenomen Ventures Lp purchase American HealthCare Lending LLC

Transaction Advisors
Legal Advisor
Covington & Burling LLP

Advised onBenchmark Capital Management Co. LLC, IDG Capital, Breyer Capital LLC, Sequoia Capital, Meritech Capital Partners, DAG Ventures LLC, Prosper Marketplace, Inc., NB Alternatives Advisers LLC, Phenomen Ventures Lp purchase BillGuard, Inc. from Bessemer Venture Partners, Khosla Ventures LLC, The Founders Fund Management LLC, P & L Advisors LLC, Founder Collective Management Co. LLC, SV Angel LLC, IA Ventures, Innovation Endeavors LLC

Legal Advisor
Akin Gump Strauss Hauer & Feld LLP

Advised onBenchmark Capital Management Co. LLC, IDG Capital, Breyer Capital LLC, Sequoia Capital, Meritech Capital Partners, DAG Ventures LLC, Prosper Marketplace, Inc., NB Alternatives Advisers LLC, Phenomen Ventures Lp purchase BillGuard, Inc. from Bessemer Venture Partners, Khosla Ventures LLC, The Founders Fund Management LLC, P & L Advisors LLC, Founder Collective Management Co. LLC, SV Angel LLC, IA Ventures, Innovation Endeavors LLC

Co-Chair, Consumer Financial Services Practice
Andrew M. Smith

Advised onBenchmark Capital Management Co. LLC, IDG Capital, Breyer Capital LLC, Sequoia Capital, Meritech Capital Partners, DAG Ventures LLC, Prosper Marketplace, Inc., NB Alternatives Advisers LLC, Phenomen Ventures Lp purchase BillGuard, Inc. from Bessemer Venture Partners, Khosla Ventures LLC, The Founders Fund Management LLC, P & L Advisors LLC, Founder Collective Management Co. LLC, SV Angel LLC, IA Ventures, Innovation Endeavors LLC

Legal Advisor
Bradley A. Chernin

Advised onBenchmark Capital Management Co. LLC, IDG Capital, Breyer Capital LLC, Sequoia Capital, Meritech Capital Partners, DAG Ventures LLC, Prosper Marketplace, Inc., NB Alternatives Advisers LLC, Phenomen Ventures Lp purchase BillGuard, Inc. from Bessemer Venture Partners, Khosla Ventures LLC, The Founders Fund Management LLC, P & L Advisors LLC, Founder Collective Management Co. LLC, SV Angel LLC, IA Ventures, Innovation Endeavors LLC

Legal Advisor
Bruce Deming

Advised onBenchmark Capital Management Co. LLC, IDG Capital, Institutional Venture Partners, Threshold Ventures, Inc., Accel Partners LLC, Sequoia Capital, Meritech Capital Partners, Francisco Partners Management LP, Crosslink Capital, Inc. (Venture Capital), Omidyar Network, DAG Ventures LLC, Prosper Marketplace, Inc., QED Investors LLC, Volition Capital LLC, TomorrowVentures LLC, Garrison Investment Group, Phenomen Ventures Lp purchase American HealthCare Lending LLC

Key Stats and Financials As of 2018
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$228M
EBITDA
$19.7M
Investors
Details Hidden
Colchis Capital Management LP

Colchis Capital Management LP provides investment advice. The company was founded by Robert Conrads and Edward Corads in 2005 and is headquartered in San Francisco, CA.

Details Hidden
Next Investors LLC

Details Hidden
J. P. Morgan Investment Management, Inc.

JPMorgan Investment Management's (JPMIM) investment approach is based on the premise that building an information advantage and capitalizing on it through active management is the key to investment success. The firm employs global fundamental research, quantitative valuation tools and bottom-up portfolio construction methods. Research analysts evaluate the US market by sector, while globally-based portfolio managers and analysts cover the international capital markets. JPMIM integrates the skills of their research analysts with those of experienced portfolio managers and economists to leverage information and choose the most fundamentally attractive investments. Investments are managed by teams, with portfolio managers working closely with research analysts. Portfolio managers typically purchase first and second quintile stocks while underweighting third, fourth and fifth quintile stocks. JPMIM looks for the stocks and ADRs of US and non-US companies with leadership positions in specialty niches, long-life product cycles, competitive cost structures, diversified client bases and significant insider ownership.

Suppliers
LendingTree, Inc. Consumer Services | Charlotte, NC

Tree.com is where smart decisions start. In a marketplace where choice is more relevant and important than ever, we’re here to give consumers the confidence they need to make big life decisions. Whether buying or selling a home, financing a new car, sending a child to college or shopping around for a new credit card, Tree.com and its portfolio of brands and businesses – like LendingTree and RealEstate.com – are here to help. Take a look inside Tree.com and you’ll find many brands you recognize. In addition to LendingTree and RealEstate.com, we also offer helpful services from GetSmart.com, HomeLoanCenter.com, RealEstate.com, REALTORS®, iNest.com and Domania.com. Together, we strive to be an ally for borrowers and homeowners alike. We’re here to do the heavy lifting for those looking to comparison shop loans, real estate and other financial products. It’s time for consumers to relax and breathe a little easier. Tree.com is here to alleviate some stress and help our customers navigate through life’s ‘real world’ decisions with ease

Awards & Honors
Rank #61
2015
Forbes - America's Most Promising Companies
Sponsored by Forbes Magazine

Stay informed and up-to-date on your network with RelSci news and business alerting service. Nurture your network and further your business goals with smart intelligence on the people and companies that matter most to you.

Browse in-depth profiles on 11 million influential people and organizations. Find RelSci relationships, employment history, board memberships, donations, awards, and more.

Explore notable alumni from top universities and organizations. Expand your fundraising pool and make warm introductions to potential new business connections.

Harness the power of your relationships with RelSci Pro, the powerful platform for identifying relationship-driven business opportunities and connections that can propel your career forward.

Stay informed and up-to-date on your network with RelSci news and business alerting service. Nurture your network and further your business goals with smart intelligence on the people and companies that matter most to you.

Browse in-depth profiles on 11 million influential people and organizations. Find RelSci relationships, employment history, board memberships, donations, awards, and more.

Explore notable alumni from top universities and organizations. Expand your fundraising pool and make warm introductions to potential new business connections.

Harness the power of your relationships with RelSci Pro, the powerful platform for identifying relationship-driven business opportunities and connections that can propel your career forward.
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Prosper Marketplace, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Prosper Marketplace, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Prosper Marketplace, Inc..