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Prosper Raises $75M In Growth Capital

Nov 17, 2022•over 2 years ago

Amount Raised

$75 Million

San FranciscoLendingFintechFinanceFinancial Services

Description

Prosper Marketplace, the first peer-to-peer lending platform in the United States, announced the closing of a new $75 million financing from a fund managed by Neuberger Berman. This capital enables Prosper to meet strong consumer demand for its personal loan, credit card, home equity, and investment products, and accelerates growth opportunities for the company over the coming years.

Company Information

Company

Prosper Marketplace

Location

San Francisco, California, United States

About

Founded in 2005, Prosper introduced U.S. consumers to an innovative new approach to personal finance called peer-to-peer lending. Almost twenty years later, Prosper has helped over 1.4 million customers achieve financial well-being through a comprehensive suite of products. Prosper's flagship personal loan marketplace continues to offer a unique value for borrowers and investors alike. Home equity loans and lines of credit through Prosper provide homeowners a range of options and choices for tapping into the equity they've worked hard to build. The Prosper® Card supports people seeking access to credit and flexibility in managing their finances. Regardless of the product, Prosper is dedicated to meeting people where they are in their financial journey, in order to advance their financial well-being. Learn more at www.prosper.com

Funding Insights

Based on industry data
Tech investment trends
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