SAN FRANCISCO, Calif.—August 13, 2024—Prosper Market, the primary peer-to-peer lending platform in the US, proudly pronounces that, as of July 2024, it has helped greater than 2 million clients advance their monetary well-being by way of entry to its private mortgage, bank card, residence fairness, and retail investor merchandise.
It is a vital milestone, which has been achieved following Prosper’s growth of its suite of providers and merchandise over the previous six years. The corporate has additionally offered entry to over $28 billion in funds for debtors since inception, together with roughly $775 million in bank card gross sales in lower than three years.
“We’re grateful to our clients for putting their belief in us to assist them on their monetary journey,” mentioned David Kimball, CEO of Prosper. “Throughout these extraordinary occasions, when the economic system continues to be recovering from the worldwide pandemic and can be coping with inflation, increased rates of interest, and different challenges, it says a lot that our clients have chosen to work with us in a aggressive monetary providers market.”
Along with acquiring private loans issued by WebBank, Prosper clients can:
- Make the most of the Prosper® Card to entry a line of credit score for assembly bills and taking management of their funds.
- Flip residence fairness into money with residence fairness loans and features of credit score accessible by way of Prosper. Dwelling fairness loans and traces of credit score accessible through Prosper can allow clients to maintain their current mortgages, and use the funds they obtain for any function1.
- Spend money on peer-to-peer loans to earn strong returns whereas diversifying their portfolios.
“Peer-to-peer lending has revolutionized monetary providers, by giving particular person traders the chance to assist atypical People obtain their monetary goals whereas increasing and diversifying their funding portfolio past standard choices,” Kimball continued. “Whereas private loans are a significant part of our enterprise, and our mission, we are going to proceed to offer extra instruments and merchandise to assist People do extra for and with their credit score. We congratulate our crew and our clients for all they’ve executed to carry our enterprise thus far.”
To study extra about what Prosper can do for you, please go to https://www.prosper.com/about.
About Prosper
Based in 2005, Prosper launched U.S. customers to an modern new method to non-public finance referred to as peer-to-peer lending. Nearly 20 years later, Prosper has helped over 2 million clients obtain monetary well-being by way of a complete suite of merchandise.
Prosper’s flagship private mortgage market continues to supply a novel worth for debtors and traders alike. Dwelling fairness loans and features of credit score by way of Prosper present householders a variety of choices and decisions for tapping into the fairness they’ve labored onerous to construct. The Prosper® Card helps individuals in search of entry to credit score and suppleness in managing their funds.
Whatever the product, Prosper is devoted to assembly individuals the place they’re of their monetary journey, to be able to advance their monetary well-being. Study extra at www.prosper.com.
1. For Texas residence fairness merchandise by way of Prosper, funds can’t be used to pay (partially or in full) non-homestead debt at account opening.
All private loans made by WebBank.
The Prosper® Card is an unsecured bank card issued by Coastal Group Financial institution, Member FDIC, pursuant to license by Mastercard® Worldwide.
Prosper’s borrower fee dependent notes (“Notes”) are provided pursuant to a Prospectus accessible at: prosper.com/prospectus. Notes aren’t assured or FDIC-insured, and traders could lose some or the entire principal invested. Buyers ought to rigorously think about these and different dangers and uncertainties earlier than investing.
Dwelling fairness merchandise by way of Prosper might not be accessible in all states.
All residence fairness merchandise are underwritten and issued by Prosper’s Lending Companions. Please see your settlement for particulars.
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