| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
288 |
| Employees |
385 |
| Revenues (TTM) (Millions $) |
228 |
| Net Income (TTM) (Millions $) |
-68 |
| Cash Flow (TTM) (Millions $) |
3 |
| Capital Exp. (TTM) (Millions $) |
17 |
Business Description
Prosper Marketplace Inc is a peer-to-peer lending marketplace that connects borrowers and investors. The company was founded in 2005 in San Francisco, California and has since become one of the largest marketplace lenders in the world. Prosper Marketplace facilitates loans for a wide range of purposes, such as debt consolidation, home improvement, and personal loans.
Prosper Marketplace Inc operates as an online platform that enables borrowers to access unsecured loans from lenders without the need for traditional financial institutions. The company operates by matching borrowers with investors who are seeking a return on their investment. Funds for loans are provided through a network of individual investors, hedge funds, and financial institutions.
Prosper Marketplace Inc has developed a proprietary technology that enables it to analyze borrowers' creditworthiness in real-time. The company uses a combination of traditional credit data and non-traditional data, such as employment history and social media activity, to assess an applicant's credit risk. This allows Prosper Marketplace to offer competitive rates to borrowers while providing investors with the opportunity to access higher returns.
Prosper Marketplace Inc is regulated by the Securities and Exchange Commission (SEC) and has received approval from the Financial Industry Regulatory Authority (FINRA). The company is also a member of the Peer-to-Peer Finance Association (P2PFA) and has been recognized as a leader in the peer-to-peer lending industry.
In recent years, Prosper Marketplace Inc has expanded its offerings to include institutional lending and has formed partnerships with traditional financial institutions to provide access to its lending platform. The company has also launched Prosper Daily, an app that allows users to track their credit score, monitor their spending, and receive personalized financial advice.
Overall, Prosper Marketplace Inc has revolutionized the lending industry by providing an alternative to traditional banking institutions. Through its innovative technology and commitment to transparency, the company has disrupted the traditional lending market and has helped borrowers and investors obtain loans and investments at competitive rates.
Company Address: 221 Main Street San Francisco 94105 CA
Company Phone Number: 593-5426 Stock Exchange / Ticker: PRMC
|
%
1.03% 
81.14 %