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Prosper stands as the inaugural peer-to-peer lending marketplace in the United States. Boasting a sizable community of over 2 million members, it has facilitated funding for loans exceeding $5 billion. Borrowers on Prosper can submit loan requests ranging from $2,000 to $40,000, while individual lenders have the flexibility to invest as little as $25 in each selected loan listing. Prosper undertakes the responsibility of servicing the loan, and managing the process on behalf of both borrowers and investors, thus ensuring smooth transactions within its lending ecosystem.
Key Details:
- Location: The company is headquartered in San Francisco, California, United States.
- Founders: Prosper.com was founded by Chris Larsen and John Witchel.
- Foundation Date: The company was established in the year 2006.