Prosper

B2B FinTechs On A Bumpy Road To 2017
B2B FinTechs On A Bumpy Road To 2017
November 17, 2016  |  B2B Payments

A new year, a fresh start. Or, for some B2B FinTech firms, an opportunity to turn things around. PYMNTS has the latest on the performance...

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Prosper CEO Steps Down
Prosper CEO Steps Down
November 15, 2016  |  Alternative Finances

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 will begin manning...

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Prosper Shutting Down Secondary Market For Loans Later In October
Prosper Shutting Down Secondary Market For Loans Later In October
October 04, 2016  |  Alternative Finances

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. According to a report, which cited an...

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FinTech’s Bright Future Marred by Hype
FinTech’s Bright Future Marred by Hype
June 17, 2016  |  Payments Innovation

Silicon Valley has the banking industry in its crosshairs. Hardly a day, hardly even a nanosecond, goes by without a VC, entrepreneur, or tech media...

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Prosper Pauses Lending Tree, Credit Karma Relationships
Prosper Pauses Lending Tree, Credit Karma Relationships
June 09, 2016  |  Alternative Finances

Prosper Marketplace, the online lending company, may have changed its relationship with two prominent loan referral sites, according to sources cited by The Wall Street...

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Prosper, Other Online Lenders Put Under NY State’s Microscope
Prosper, Other Online Lenders Put Under NY State’s Microscope
June 06, 2016  |  Alternative Finances

The drama surrounding online lenders — who they lend to, when, how and at what rates — continues. In the wake of disclosures last month...

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Prosper Hires Banks To Decide Next Steps
Prosper Hires Banks To Decide Next Steps
May 27, 2016  |  Alternative Finances

Prosper Marketplace is in the midst of exploring strategic options, having hired investment banks JPMorgan and Financial Technology Partners and having disclosed it is considering...

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NY Regulators Launch Online Lending Probe
NY Regulators Launch Online Lending Probe
May 27, 2016  |  Regulation

The New York state financial regulator, newly enmeshed in a probe into embattled online lender Lending Club, is widening its gaze to include other online...

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Prosper Raises Risky Borrower Interest Rates
Prosper Raises Risky Borrower Interest Rates
May 26, 2016  |  Alternative Finances

Against a troubled landscape, one online lender, Prosper Marketplace, is boosting rates that it charges to risky borrowers, a move The Wall Street Journal said was geared...

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