Prosper

Platform Lending Gets a $500 Million Vote of Confidence From Fortress Investment

Platform Lending Gets a $500 Million Vote of Confidence From Fortress Investment
Platform Lending Gets a $500 Million Vote of Confidence From Fortress Investment
May 21, 2025  |  Consumer Finance

The past few weeks have been a roller coaster for consumers. Inflation is still a fact of life, tariffs have influenced what we buy, and...

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Prosper Marketplace Launches Credit Card to Help People Manage Finances
Prosper Marketplace Launches Credit Card to Help People Manage Finances
January 12, 2022  |  Alternative Credit

Digital lending platform Prosper Marketplace is launching the Prosper Card to help people get a handle on their finances no matter where they fall on...

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Prosper Fined $3M By SEC For Overstating Returns
Prosper Fined $3M By SEC For Overstating Returns
April 21, 2019  |  Alternative Finances

The Securities and Exchange Commission announced late last week that Prosper, the online lender, has agreed to pay a $3 million fine for misleading retail...

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What 2018 Will Mean For Marketplace Lenders
What 2018 Will Mean For Marketplace Lenders
January 02, 2018  |  Alternative Finances

2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and LendingClub, in particular....

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All Is Forgiven? The Bond Buyers Return To Online Lenders
All Is Forgiven? The Bond Buyers Return To Online Lenders
May 22, 2017  |  Alternative Finances

After the rather spectacular fireworks display that Lending Club had going on this time last year, it was not great surprise when the bond buyers...

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Prosper Reports Surging Losses As Loan Volume Falls
Prosper Reports Surging Losses As Loan Volume Falls
March 21, 2017  |  Alternative Finances

In a filing Monday, Prosper has reported net losses for 2016 that have more than quadrupled — yet another sign that marketplace lending has a...

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