Prosper Marketplace Posts $18.5M Profit for 2020

| By:


Prosper MarketplaceProsper Marketplace reported a $18.5M profit for 2020, up from a net loss of $13.7M in 2019, marking yet another online lender that successfully weathered Covid.

In 2020, Prosper originated $1.5B in loans, $1.4B of which were originated through their Whole Loan Channel.

Like Lending Club, the company has long retreated from its peer-to-peer lending roots, but still operates a platform where individual retail investors can buy notes, whereas Lending Club terminated theirs completely.

Prosper generated $100 million in revenue in 2020 and had 353 full-time employees at year-end.

Prosper is not publicly traded but is required to file regular financial statements with the SEC because it sells notes to retail investors.

Last modified: March 15, 2021

Category: Fintech, Loans

Home Fintech, Loans › Prosper Marketplace Posts $18.5M Profit for 2020


    Merchant Financing Leads

    Banana Exchange

    Legend Funding

    Proventure Capital

    Idea Financial

    Arsenal

    Splash Advance

    United Business Funding

    Monetaria

    Thor Capital Group

    Vox Funding

    Lendora

    Dedicated Financial GBC

    Fenix Capital Funding

    Legacy Capital Group

    Global Funding Experts

    Bitty Advance

    Spartan Capital

    Smart Business Funding

    Percent

    Pearl Capital

    CAN Capital

    Highland Hill Capital

    Balboa Capital

    Total Merchant Resources

    Redstone Advance

    The Smarter Merchant