Prosper Marketplace news and trends

Prosper Falls, Uber Gets Credit And Charge-Offs Keep On Climbing
Data Dive // August 07, 2017

August is officially upon us, and fall will be here before we know it. Is it really only a matter of weeks before the legions of pumpkin spice-flavored products start rolling back onto shelves nationwide? But before everything starts smelling too much like pumpkin, there...

New Deal Could Cut Prosper Marketplace’s Value By Two-Thirds
Alternative Finances // August 04, 2017

Once a unicorn, always a unicorn? In Silicon Valley, maybe not so much these days — online P2P lender Prosper Marketplace is considering a financing round that could drop its value to somewhere around $550 million.  Not chump change, to be sure — but a...

Prosper Gets Rid Of App Designed To Protect Identities
Fraud Prevention // August 01, 2017

Prosper Marketplace, the online lender, is reportedly getting rid of its Prosper Daily mobile app, which enabled customers to monitor their personal finances, like credit scores, and would protect them from identity theft. According to a news report in American Banker, citing a blog post penned...

Alt-Lending Reshuffles, Auto Loan Alarm Bells And HHGregg Goes Bust
Data Dive // March 27, 2017

For those who are fans of big twists, stunning reversals and spectacular admissions of defeat, last week’s news cycle came as a sort of Christmas in March. No, we are not talking about healthcare, politics or whatever it is that happened on Capitol Hill. Our...

Interviews & Exclusives
Prosper Falls, Uber Gets Credit And Charge-Offs Keep On Climbing

August 07, 2017
August is officially upon us, and fall will be here before we know it. Is it really only a matter of weeks before the legions of pumpkin spice-flavored products start rolling back onto shelves nationwide? But before everything starts smelling too much like pumpkin, there are a few weeks left to go to the beach, […]

Quick Reads
Online Lender Prosper Has Lost 70 Percent Of Its Value

September 25, 2017
It’s been a tough 12 months for online lending marketplace Prosper. The firm announced Friday that it has raised another $50 million in funding — but that that funding has come at the cost of a sharp devaluation for the once-unicorn status firm. At its last valuation, Prosper’s net worth was estimated to be around […]

New Deal Could Cut Prosper Marketplace’s Value By Two-Thirds

August 04, 2017
Once a unicorn, always a unicorn? In Silicon Valley, maybe not so much these days — online P2P lender Prosper Marketplace is considering a financing round that could drop its...

Prosper Gets Rid Of App Designed To Protect Identities

August 01, 2017
Prosper Marketplace, the online lender, is reportedly getting rid of its Prosper Daily mobile app, which enabled customers to monitor their personal finances, like credit scores, and would protect them...

Prosper’s Financial Wellness App Hits The Market

March 11, 2016
Marketplace lender Prosper launched its first mobile app, designed to provide customers with the tools to help make smarter financial decisions, the company announced on Thursday (March 10). The free...