Prosper

Prosper is a U.S. consumer finance company whose mission is to advance financial well-being. Founded in 2005, it introduced a peer-to-peer lending marketplace that connected people seeking loans with people willing to invest in consumer credit. Prosper says it has helped nearly 2.5 million customers through its digital personal finance products.

The company’s flagship offering is an online personal loan marketplace for borrowers. Customers can apply online, review available loan offers and select terms, with loans made by WebBank. Prosper describes its loans as a way to address needs such as debt consolidation, home improvements, healthcare costs and other major expenses. Eligibility and terms depend on individual circumstances, and loan funding requires investor commitments.

Prosper also offers the Prosper Card, an unsecured credit card designed to provide access to credit and flexibility. The card is issued by Coastal Community Bank, Member FDIC, pursuant to a Mastercard license. Its broader product lineup includes home equity loans and home equity lines of credit, giving homeowners options to access the equity in their homes.

For investors, Prosper provides access to consumer-credit investment opportunities through its marketplace, as well as individual retirement accounts. The company describes its marketplace as serving both borrowers and investors; investment performance can vary, and the company’s published historical-return information is not a guarantee of future results.

Prosper’s history reflects an expansion from its original peer-to-peer lending platform into a broader digital finance business. It launched the first peer-to-peer lending platform in the United States in 2005. Over time, it added individual retirement accounts, home equity lines of credit, home equity loans and the Prosper Card. The company opened its headquarters in San Francisco in 2014 and has also identified Phoenix as an office location.

Prosper serves consumers seeking personal credit, credit-card access or home-equity financing, as well as investors interested in consumer-credit opportunities. Its website emphasizes digital applications, straightforward access to product information and human customer support. Prosper’s stated aim is to meet people at different points in their financial journey with simple, trusted and affordable financial solutions.

The company’s published values include accountability, collaboration, excellence, diversity, simplicity, integrity and curiosity. Prosper describes collaboration and curiosity as supporting better solutions and innovation, while simplicity guides its user experience. Its careers materials refer to a digital-first working experience, with employees working from San Francisco or Phoenix offices or remotely in the United States.