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Founded Year

2005

Stage

Series H | Alive

Total Raised

$637.44M

Last Raised

$75M | 10 mos ago

Revenue

$0000 

About Prosper

Prosper provides an online lending marketplace connecting people who want to invest money with people who want to borrow money. It offers personalized financial solutions that empower customers across the credit spectrum such as debt consolidation, home improvement, and healthcare financing. The company was formerly known as Auto Quick Invest. It was founded in 2005 and is based in San Francisco, California.

Headquarters Location

221 Main Street Suite 300

San Francisco, California, 94105,

United States

866-615-6319

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ESPs containing Prosper

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Digital Lending Tech

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…

Prosper named as Leader among 8 other companies, including Wisetack, Tandem, and Upgrade.

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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.

W

Wealth Tech

2,051 items

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.

D

Digital Lending

2,271 items

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.

S

SMB Fintech

1,230 items

F

Fintech

8,086 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

Prosper Patents

Prosper has filed 3 patents.

The 3 most popular patent topics include:

  • Artificial intelligence
  • Artificial neural networks
  • Blockchains
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/21/2019

9/19/2023

Machine learning, Cryptocurrencies, Artificial intelligence, Enterprise application integration, Classification algorithms

Grant

Application Date

3/21/2019

Grant Date

9/19/2023

Title

Related Topics

Machine learning, Cryptocurrencies, Artificial intelligence, Enterprise application integration, Classification algorithms

Status

Grant

Latest Prosper News

Alternative Finance Market: Industry Snapshot and an Overview of Technological Advancements

Jul 21, 2023

News Provided By Share This Article Alternative Finance Market Alternative Finance Market by Type (Peer-to-Peer Lending, Debt-based Crowdfunding, Invoice Trading, Others), End User (Businesses, Individuals) : Forecast, 2032 PORTLAND, OR, UNITES STATES, July 21, 2023/ EINPresswire.com / -- The alternative finance market encompasses a wide range of non-traditional financial sectors and platforms that provide funding to individuals, businesses, and projects. These platforms often utilize technology and digital platforms to connect borrowers and lenders or investors, thereby providing an alternative to traditional banking and finance. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/74983 Market Dynamics: Allied Market Research published a report on the global alternative finance market. The report states that the market was valued at $173.9 billion in 2022 and is estimated to reach $920.9 billion by 2032, witnessing a CAGR of 18.5% from 2023 to 2032. The global alternative finance market report provides data on the market's past performance and projections for its future size, share, and trends. It covers aspects such as drivers, restraints, and opportunities, Covid-19 impact analysis, Porter's Fives Forces Analysis, value chain analysis, and industry pain-point analysis. Porter's Five Forces analysis aids in determining corporate strategy by assisting in understanding the competitive forces that shape the market and the market's strengths and weaknesses. The report uses various techniques, including surveys, social media, and interviews. The global market for alternative finance is experiencing growth due to factors such as an advancement in technology, lack of access to traditional finance, and changing consumer preferences and regulatory environment. However, the risk of default and limited liquidity and lack of regulation and diversification restrain the market growth to some extent. Nevertheless, access to finance for small businesses, innovation in financial services and diversification of investment portfolios are expected to provide prolific growth opportunities in the upcoming years. Buy This Report: https://www.alliedmarketresearch.com/checkout-final/22d2e0149bf6e71420dac993d783d958 Segmental Analysis: The global market for alternative finance is segmented on the basis of product type, end user, and region. By type: Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa) Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/74983 The alternative finance market has experienced significant technological advancements in recent years. Here are some revolutionizing technological advancements in the market: Crowdfunding: Crowdfunding platforms are becoming increasingly popular in the alternative finance market. Individuals and businesses can use these platforms to raise funds for their projects by collecting small contributions from a large number of people. Online crowdfunding has enabled businesses to reach a global audience and secure funding without relying on traditional funding channels. Blockchain Technology: Blockchain technology has the potential to transform the alternative finance industry. Blockchain transactions are secure and transparent, which can reduce fraud and increase trust between parties. It also offers decentralized systems that eliminate the need for intermediaries, resulting in more efficient and cost-effective transactions. Online Platforms: The rise of online platforms has made it easier to connect borrowers and investors. These platforms serve as intermediaries, allowing borrowers to access a wide range of alternative finance options, while investors can diversify their portfolios by investing in multiple projects. Competitive Landscape: The market players are thoroughly evaluated to learn about their competitive strengths. The study provides information about their profiles, operating business segments, product portfolio, business performance, and their developments. To increase market penetration and strengthen their position in the industry, these players have implemented various strategies such as expansion, new product launches, partnerships, and others. The report is useful for determining each market player's business performance, operating segments, developments, and product portfolios. Leading Market Players: Funding Circle Limited, Indiegogo, Inc., LendingClub Bank, LendingTree, LLC, Prosper Funding LLC, Invoice Interchange Private Limited, Social Finance, Inc., Fundly, Mintos, and LendingCrowd. Trending Reports: Cloud Computing Banking Market: https://www.alliedmarketresearch.com/cloud-computing-banking-market-A12967 Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. David Correa

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, SocietyOne and 7 more.

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo

Compare Prosper to Competitors

Zirtue Logo
Zirtue

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. It was founded in 2018 and is based in Dallas, Texas.

Auxmoney Logo
Auxmoney

Auxmoney offers a credit marketplace connecting credit-worthy borrowers and savvy investors. Its platform is where private and institutional investors directly invest in approved borrowers of different score classes. It can make more favorable loans available to more people while enabling investors to benefit from attractive risk-adjusted returns. The company was founded in 2007 and is based in Dusseldorf, Germany.

Harmoney Logo
Harmoney

Harmoney Limited is peer-to-peer lending service that operates by connecting individuals who want to borrow with individuals who want to invest. Harmoney provides unsecured personal loans on a range of terms and competitive interest rates.

S
SoLo Funds

SoLo Funds provides money lending and borrowing services through a community finance platform. It offers a peer-to-peer lending marketplace for microloans. It allows members to access and supply short-term funds for immediate needs. The company was founded in 2018 and is based in Los Angeles, California.

Avant Logo
Avant

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.

DianRong Logo
DianRong

DianRong is a peer-to-peer (P2P) loan and financial services platform for small and medium enterprises in China.

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