# Prosper Marketplace

Prosper Marketplace is an Asset Manager based in San Francisco, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.prosper.com
- **LinkedIn:** https://www.linkedin.com/company/prosper-marketplace

## Regulatory record

- **Reports private funds:** No

## About

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 […]

## Sectors

- FinTech
- Private Credit
- Consumer Lending
- Real Estate

## Offices

- Phoenix, AZ, United States

## People

- 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

## 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.

### 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.

## Related profiles

- [Proper](https://altss.com/profile/proper)
- [Fundraise Up](https://altss.com/profile/fundraise-up)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/prosper-marketplace

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology