Prosper Releases Financial Results for 2018

Prosper has filed their 10-K with the SEC and announced their financial results for 2018; originations were basically flat in 2018 at $2.84 billion compared to 2017 at $2.88 billion. net revenue was $104 million in 2018 compared with $116 million in 2017; net loss decreased significantly to $40 million and Adjusted EBITDA increased to $9.4 million from $5.5 million in 2017; the Prosper Marketplace Issuance Trust that was launched in 2017 has closed six securitizations to date totaling $2.8 billion. Source.

  • 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.

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