Prosper Marketplace is an online lending platform that connects people who want to borrow money with individuals and institutions that want to invest in consumer credit. The Company handles the servicing of the loan and collects and distributes borrower payments and interest back to the loan investors. Prosper verifies borrowers' identities and selects personal data before funding loans and manages all stages of loan servicing.
TypePrivate
HQSan Francisco, US
Founded2005
Size (employees)392 (est)
Websiteprosper.com
Prosper Marketplace was founded in 2005 and is headquartered in San Francisco, US
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Key People/Management at Prosper Marketplace

David Kimball

David Kimball

CEO
Usama Ashraf

Usama Ashraf

CFO
Nasos Topakas

Nasos Topakas

CTO
Julie Hwang

Julie Hwang

General Counsel
Kunal Kaul

Kunal Kaul

EVP Operations
Justine Metz

Justine Metz

EVP Marketing
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Prosper Marketplace Office Locations

Prosper Marketplace has offices in San Francisco and Phoenix
San Francisco, US (HQ)
221 Main Street, Suite 300
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Prosper Marketplace Financials and Metrics

Summary Metrics

Prosper Marketplace's latest funding round in September 2017 was reported to be $50 m. In total, Prosper Marketplace has raised $419.5 m. Prosper Marketplace's latest valuation is reported to be $1.9 b.
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Prosper Marketplace Revenue

Prosper Marketplace's revenue was reported to be $113.50 m in FY, 2017
USD

Revenue (Q2, 2018)

58 m

Net income (Q2, 2018)

(24 m)

EBIT (Q2, 2018)

4.7 m

Market valuation

1.9 b

Cash (30-Jun-2018)

58.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

18.4 m81.3 m204.3 m132.9 m113.5 m

Revenue growth, %

342%151%(35%)

Sales and marketing expense

16.7 m42 m112.3 m70.1 m83.5 m

General and administrative expense

22.3 m27.9 m86.5 m102.7 m75.7 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2018

Revenue

16.5 m25.1 m30.9 m48.7 m58 m55.5 m27.1 m22.9 m30.1 m58 m

Cost of goods sold

767 k1.4 m

Gross profit

15.7 m23.7 m

Gross profit Margin, %

95%94%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

18.3 m50.6 m66.3 m22.3 m45.8 m

Accounts Receivable

218 k3.2 m2.4 m757 k683 k

Inventories

PP&E

3.4 m14.4 m25 m24.9 m18.1 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2018

Cash

76.8 m53.3 m38.3 m173.3 m120.5 m41 m28.8 m31.9 m28.5 m58.7 m

Accounts Receivable

229 k921 k1.3 m1.3 m1.5 m2.7 m870 k918 k882 k3.5 m

PP&E

4.2 m6.3 m16.7 m18 m20.1 m28.1 m28.2 m26.7 m23.7 m16.1 m

Goodwill

16.8 m16.8 m36.4 m36.4 m36.4 m36.4 m36.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(27.2 m)(2.7 m)(26 m)(118.7 m)(115.2 m)

Depreciation and Amortization

961 k2.1 m7.6 m13.2 m12.3 m

Inventories

Accounts Payable

(2.3 m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2018

Net Income

(5 k)2.7 m(7.3 m)(6.2 m)(3.8 m)(17.4 m)(24 m)(24 m)

Depreciation and Amortization

380 k462 k5.3 m

Accounts Payable

2.5 m

Cash From Operating Activities

(121.8 m)
USDY, 2018

Revenue/Employee

152.4 k

Financial Leverage

-2.5 x
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Prosper Marketplace Operating Metrics

Prosper Marketplace's Total Loans was reported to be $3.7b in Y, 2015.
Y, 2013Y, 2014Y, 2015

Total Loans

$750 m$2.50 b$3.70 b
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Prosper Marketplace Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Prosper Daily (31)September 23, 2015
American HealthCare Lending January 27, 2015$21 m
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Prosper Marketplace Online and Social Media Presence

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Prosper Marketplace Company Life and Culture

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