Prosper operates as a financial technology company. The company offers a range of financial solutions including personal loans, credit cards, and home equity lines of credit, which are designed to support customers in consolidating debt, financing home improvements, covering healthcare costs, and enhancing their financial well-being. Prosper primarily serves individuals across the credit spectrum, providing them with affordable financial solutions. Prosper was formerly known as Auto Quick Invest. It was founded in 2005 and is based in San Francisco, California.
ESPs containing Prosper
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The home improvement financing market encompasses a variety of financial solutions designed to fund home renovation, remodeling, or improvement projects. It offers homeowners the means to enhance the value, functionality, and aesthetics of their properties without depleting their savings. Home improvement financing solutions may include home equity loans, lines of credit, personal loans, or specia…
Expert Collections containing Prosper
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Prosper is included in 4 Expert Collections, including Wealth Tech.
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Prosper has filed 4 patents.
Environmental engineering, Water pollution, Sanitation, Sewerage, Aquatic ecology
Environmental engineering, Water pollution, Sanitation, Sewerage, Aquatic ecology
Latest Prosper News
Nov 3, 2023
News provided by Share this article Share toX NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The online financing platform for SMBs market is estimated to grow by USD 14.34 billion from 2023 to 2028, growing at a CAGR of 16.64%. The online financing platform for smbs market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer online financing platforms for SMBs market are American Express Co., Biz2Credit Inc., Enova International Inc., Fidelity National Information Services Inc., Finastra, Fintech OS Srl, Funding Circle Holdings plc, Kaleidofin, LendingClub Corp., Lendingkart Finance Ltd., Niyogin Fintech Ltd., Novac Technology Solutions, Numerated Growth Technologies Inc., Prosper Funding LLC, RupeeCircle, SoFi Technologies Inc., Sopra Steria Group SA, Stripe Inc., UAB HES Europe, and Versara Lending LLC. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying Company Offering: American Express Co. - The company offers online financing platforms for SMBs such as Kabbage Checking and Kabbage Funding. Biz2Credit Inc. - The company offers online financing platforms for SMBs such as Biz2X Enterprise, Biz2X Pro, and Biz2X AI. Enova International Inc. - The company offers an online financing platform for SMBs through its subsidiary On Deck Capital to access financing online. For details on companies and their offerings – Buy the report! By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America is estimated to contribute 41% to the growth of the global market during the forecast period. Growing awareness about the need for more inclusive funding systems, particularly in favor of people who may not have access to traditional channels, has resulted in increased demand for online financial services across the region. Download a sample report to get more insights on the market share of various regions and the contribution of the segments. Impactful driver- Borrowers with faster credit access Key Trend - Rise in growth of SMBs Major Challenges - Privacy and security concerns Market Segmentation By Application, the market is classified into equity financing and debt financing. The equity financing segment is estimated to witness significant growth during the forecast period. In exchange for capital, equity financing is an ownership and marketing interest in a company. Finding investors who are prepared to purchase a business is the biggest barrier to securing equity financing. The share of equity financing that a borrower takes must share management control with the investor appeal of the business. Technavio Research experts have provided more insights on the market share of segments - View a Sample Report Related Reports The peer to peer (P2P) lending market size is estimated to grow at a CAGR of 29.96% between 2022 and 2027. The market size is forecast to increase by USD 381.28 billion. The Decentralized Finance (DeFi) Market size is estimated to grow at a CAGR of 40.32% between 2022 and 2027 and the size of the market is forecast to increase by USD 99,652 million. Online Financing Platform For SMBs Market Scope Report Coverage About US Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact US:
Prosper Frequently Asked Questions (FAQ)
When was Prosper founded?
Prosper was founded in 2005.
Where is Prosper's headquarters?
Prosper's headquarters is located at 221 Main Street, San Francisco.
What is Prosper's latest funding round?
Prosper's latest funding round is Series H.
How much did Prosper raise?
Prosper raised a total of $637.44M.
Who are the investors of Prosper?
Investors of Prosper include Dyal Capital Partners, Paycheck Protection Program, Assured Asset Management, Sharespost, Target Global and 29 more.
Who are Prosper's competitors?
Competitors of Prosper include Zopa, SoLo Funds, Avant, Zirtue, Auxmoney and 7 more.
Compare Prosper to Competitors
Zirtue offers a relationship-based lending application that aims to drive financial inclusion. It provides funds through relationship-based loans. It offers peer lending and borrowing. The company was founded in 2018 and is based in Dallas, Texas.
The Social Loan Company is a mission-driven venture builder firm operating in the financial sector. The company's main service is to democratize credit and banking, making it more accessible and fair for underserved digital natives in emerging and frontier markets, primarily through the use of Artificial Intelligence/Machine Learning and behavioural sciences powered technology. The company primarily serves the financial sector in emerging markets. It was founded in 2016 and is based in Singapore.
Avant provides a digital lending platform. It includes personal loans, credit cards, mobile banking, and auto refinance. The company was founded in 2012 and is based in Chicago, Illinois.
Auxmoney offers a credit marketplace connecting borrowers and investors. Its platform is where private and institutional investors directly invest in approved borrowers of different score classes. It provides loans available to more people while enabling investors to benefit from risk-adjusted returns. The company was founded in 2007 and is based in Dusseldorf, Germany.
Amount develops digital banking and financial technology solutions. The company offers a suite of products and services that enable financial institutions to provide mobile banking experiences, including swift loan approval, automated account origination, and flexible payment solutions. Its primary customers are financial institutions and their merchant partners. It was founded in 2020 and is based in Chicago, Illinois.
Zopa operates as an online lending marketplace. It offers loans, car finance, credit cards, fixed-term savings, debt consolidation loans, and more. It was founded in 2005 and is based in London, United Kingdom.