Prosper.com is the oldest and largest social lending network in the United States, with close to 1 million members originating $200 million in peer to peer loans. The company has raised $43 million in venture capital and continues to rapidly expand. Borrowers can get loans for up to $25,000 and as more lenders commit to their loan, they’ll see their rate continue to decline. Meanwhile, lenders can place as little as $25 into a single note, or invest via Prosper’s automated portfolio plans. A burgeoning secondary market also enable investors to trade notes that have already been issued.
But is it right for you? Here are some prominent Prosper.com reviews to help you to decide:
ABC World News Tonight Examines if Prosper.com is Too Good to Be True
WNBC New York Shares the Story of Mabel Ivory, Who Tried to Borrow $15,000 for her Wedding via Prosper.com
Money Talks Looks at the Risk and Returns Lenders Can Expect from Prosper.com
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.