Brendan Ross is one of the few financial advisors who gets p2p lending. He is the principal of Ross Asset...
Today is a big day for Prosper. They have now issued more than $1 billion in total loans – crossing...
Now that tax season is behind us many of us will be wondering what to do with our tax refunds....
Prosper has a new promotion to start out the New Year. Just provide them with your name and email address...
Prosper filed its annual earnings report with the Securities and Exchange Commission showing an annual loss in 2016 of $118.7 million from revenue of $132.9 million; the loss compares to an annual loss of $26 million for 2015; 2016 was a challenging year for the industry overall; Prosper attributes the losses to lower loan volumes and higher restructuring and legal costs; in February, Prosper reported a $5 billion deal with a consortium of investors committing to invest in Prosper's loans over the next two years, which has helped to give the firm a much more positive outlook for 2017. Source
Last week Prosper closed their Series G, raising $50 million from an investment fund co-managed by FinEx Asia and LPG Capital based in Hong Kong; sources say the post money valuation was $550 million, approximately a 70% drop from their high in 2015; Peter Renton reflects on the investment and the current state of the market. Source
In the early days of Lend Academy I regularly wrote about my investment strategy for Lending Club and Prosper. I discussed the wonders of...
The total amount of p2p loans issued by Lending Club and Prosper in October was just over $97 million. I...
Prosper received a late Christmas present from the SEC last month. After 10 months and eight revisions their registration for...
Recovery, Re-Boot, Resilience: Roadmap Back to Growth August 25th at 2:00 PM ET: Register Today Banks, Lenders and FinTechs have...