Prosper Marketplace, Inc., a San Francisco, CA-based peer-to-peer lending company, raised $25m in funding.
The round was led by existing partner Sequoia Capital, with participation from BlackRock, and existing investors.
Led by Stephan Vermut, CEO, Prosper Marketplace is the parent company of Prosper Funding LLC, which owns a peer-to-peer financing platform to invest and borrow money. On Prosper.com, borrowers list loan requests between $2k and $35k for a variety of purposes including paying down high interest rate debt and helping with small business funding, while retail and institutional lenders invest as little as $25 in each loan listing they select. Institutional investors can also elect to participate in the Whole Loan Program.
Over the past six years, more than $600 million in personal loans have originated through the platform.
FinSMEs
25/09/2013
Related News
23/01/2013: Prosper Raises $20M in Financing
07/06/2011: Prosper.com Raises over $17M
02/04/2010: Prosper To Close Series D Financing