Updated:
Prosper Marketplace
Helping people thrive since 2005. The Prosper legacy Money when you need it. Fast, easy, secure. Best Personal Loan CompaniesMoney.com Top Picks 2026 Personal...
Prosper Marketplace
Helping people thrive since 2005. The Prosper legacy Money when you need it. Fast, easy, secure. Best Personal Loan CompaniesMoney.com Top Picks 2026 Personal loan Prosper® Card Investing $ Amount Amount must be between $2K-50K See my offer Rate in 1 minute No impact to your credit Instant credit access Apply now Up to $3K […]
General information
Firm type
Asset Manager
Year founded
2005
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Additional offices
Phoenix, AZ, United States
Principals
David Kimball
Chief Executive Officer
Usama Ashraf
President & Chief Financial Officer
Haiyan Huang
Chief Credit Officer
Ted Buell
General Counsel & Chief Compliance Officer
Pete Woodhouse
Chief Technology Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Prosper Marketplace?
Credit and investment performance are managed by executive leadership under CEO David Kimball and Chief Credit Officer Haiyan Huang. The investment product itself — fractional notes and whole loans — is passive for investors; credit underwriting decisions are driven by Prosper's proprietary models, which determine the Prosper Rating assigned to each loan at origination.
How does Prosper Marketplace source its deal flow?
Deal flow is direct-to-consumer. Borrowers apply online through Prosper's website or mobile app for personal loans, home equity products, or the Prosper Card. The firm markets digitally and traditionally to attract loan applicants, then packages approved loans for investors on the marketplace. There is no GP-style deal origination.
Is Prosper Marketplace structured as a single family office or a lending platform?
Prosper Marketplace is a consumer lending platform with an attached investment marketplace, not a family office. It is a publicly documented fintech company that earns revenue through loan servicing fees, origination fees, and the spread on loan sales to institutional and retail investors.
Does Prosper participate in fund commitments or only direct deals?
Prosper does not make fund commitments. Investors purchase direct exposure to consumer credit through fractional notes or whole loans. The platform offers IRA-eligible accounts, allowing individual investors to hold consumer loan exposure in tax-advantaged vehicles.
Which sectors does Prosper explicitly avoid?
Prosper's credit product is limited to unsecured personal lending, home equity lines and loans, and a near-prime credit card. The firm does not offer education lending, small business credit, auto loans, or mortgage origination. Its healthcare finance operations, once in-house, have been de-emphasized since the 2015 acquisitions.
What is Prosper's known posture on co-investments alongside external GPs?
The platform does not operate a co-investment structure. Institutional investors who purchase whole loans are direct lenders to American consumers, not limited partners in a commingled fund. Prosper does not organize club deals, SPVs, or fund vehicles that pool investor capital alongside external managers.
Where does the capital deployed on Prosper's platform come from?
Capital comes from two broad sources: retail investors who purchase fractional notes in increments as low as $25, and institutional allocators — asset managers, banks, and credit funds — who buy whole loans via forward-flow agreements or bulk purchases. The entity itself is not a capital allocator; it is a technology-enabled origination and servicing infrastructure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: