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Prosper
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5.3KAlternative FinancesProsper Fined $3M By SEC For Overstating Returns
The Securities and Exchange Commission announced late last week that Prosper, the online lender, has agreed to pay a $3 million fine...
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4.0KAlternative FinancesWhy Digital Lenders Are Tightening Their Lending Criteria
In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options...
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11.2KAlternative FinancesWhat 2018 Will Mean For Marketplace Lenders
2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and...
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4.8KFraud PreventionProsper Gets Rid Of App Designed To Protect Identities
Prosper Marketplace, the online lender, is reportedly getting rid of its Prosper Daily mobile app, which enabled customers to monitor their personal...
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9.4KAlternative FinancesAll Is Forgiven? The Bond Buyers Return To Online Lenders
After the rather spectacular fireworks display that Lending Club had going on this time last year, it was not great surprise when...
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7.4KAlternative FinancesProsper Reports Surging Losses As Loan Volume Falls
In a filing Monday, Prosper has reported net losses for 2016 that have more than quadrupled — yet another sign that marketplace...
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7.0KAlternative FinancesProsper’s Climb Back
Taking the top job is never an easy task. It’s even harder to take over at the top as a relative newcomer...
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5.0KB2B PaymentsB2B FinTechs On A Bumpy Road To 2017
A new year, a fresh start. Or, for some B2B FinTech firms, an opportunity to turn things around. PYMNTS has the latest...
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6.2KAlternative FinancesProsper CEO Steps Down
The CEO of Prosper Marketplace — Aaron Vermut — will be saying good-bye to the firm, to be replaced by David Kimball, Prosper’s finance chief. Kimball...
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7.8KAlternative FinancesProsper Shutting Down Secondary Market For Loans Later In October
Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. According to a report,...
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10.6KPayments InnovationFinTech’s Bright Future Marred by Hype
Silicon Valley has the banking industry in its crosshairs. Hardly a day, hardly even a nanosecond, goes by without a VC, entrepreneur,...
- 7.9KAlternative Finances
Prosper Pauses Lending Tree, Credit Karma Relationships
Prosper Marketplace, the online lending company, may have changed its relationship with two prominent loan referral sites, according to sources cited by...
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3.7KAlternative FinancesProsper, Other Online Lenders Put Under NY State’s Microscope
The drama surrounding online lenders — who they lend to, when, how and at what rates — continues. In the wake of...
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4.4KAlternative FinancesProsper Hires Banks To Decide Next Steps
Prosper Marketplace is in the midst of exploring strategic options, having hired investment banks JPMorgan and Financial Technology Partners and having disclosed...
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4.9KRegulationNY Regulators Launch Online Lending Probe
The New York state financial regulator, newly enmeshed in a probe into embattled online lender Lending Club, is widening its gaze to...
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3.1KAlternative FinancesProsper Raises Risky Borrower Interest Rates
Against a troubled landscape, one online lender, Prosper Marketplace, is boosting rates that it charges to risky borrowers, a move The Wall...
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10.6KReportSquare Slips, Satoshi Hides (Again) And Prosper Shrinks
Two big segments of the world made news last week: politics and payments. And although there is no shortage of controversy about...
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13.0KMerchant InnovationSizzle Or Fizzle: Prosper, Alibaba, Snapchat – And Amazon Dash
So many things to talk about this week, but let’s stick to payments and commerce, shall we? Sizzle Alibaba Alibaba’s exec team...
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10.6KAlternative FinancesFinTech Lenders Are Putting The Brakes On Customer Acquisitions
As the wave of FinTech lenders who stepped into the markets after the financial crisis pushed much of their mainstream banking competition...
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8.7KAlternative FinancesLending Club, Funding Circle And Prosper Join Forces And Form A Trade Association
On the logic that everything is easier when taken on with a team, the big names in marketplace lending are joining forces...
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6.4KMerchant InnovationFacebook, Square and Alt-Lending Look For Signs Of Spring
Spring has sprung, Q1 is done and, all around the payments and commerce ecosystem, there have at least been some signs that...
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9.5KAlternative FinancesBondholders Throw Shade On Prosper’s Portfolio
Bondholders just gave online lending a big thumbs down as they reportedly only bought in once yields on a portfolio of Prosper...
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6.0KConsumer FinanceProsper, HomeAdvisor Overhaul Home Improvement Financing
Homes might not have been a great investment seven or eight years ago, but now that the housing market has more or...
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6.6KAlternative FinancesProsper’s Financial Wellness App Hits The Market
Marketplace lender Prosper launched its first mobile app, designed to provide customers with the tools to help make smarter financial decisions, the...
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3.7KConsumer FinanceDo Consumers Really Care About FinTech?
An increasing number of Americans are moving towards relying on FinTech services to improve their financial well-being, research has found. With as...
- News
San Bernardino Shooter Helped By Online Lender
An online lender finds itself in the unfortunate position of having supplied funds to an ISIS-inspired terrorist weeks before he and his...
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Prosper Passes The $5B Loan Mark
Prosper Marketplace has announced another major milestone. The peer-to-peer lending marketplace has surpassed the $5 billion mark, which refers to the amount...
- Alternative Finances
Is The Bloom Off The Alt Lending Rose?
Alternative lending is such a part of the mainstream that it’s easy to forget just how fast it has gotten so big....
- Alternative Finances
It’s Official – Prosper Is A Unicorn
Last week San Francisco welcomed the latest unicorn to the herd – P2P lending site Prosper. Prosper announced that it brought in...
- Alternative Finances
P2P Lender Prosper Valued At $1.9B
The United States’ second biggest P2P lending market has closed out a financing round that pushes its valuation to $1.9 billion –...
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2.3KNewsLending Club Chooses NYSE For Its IPO
The planet’s largest peer-to-peer lender, Lending Club, has chosen the New York Stock Exchange (NYSE) for its IPO, in a nasty blow...
