Posts Tagged ‘ Prosper ’

The Future of Marketplace Lending with Ron Suber, President of Prosper

Prosper Marketplace Announces Partnership With Western Independent Bankers

Prosper Marketplace Announces Partnership With Western Independent Bankers

CrowdfundBeat News Wire,  SAN FRANCISCO–(BUSINESS WIRE)– Prosper Marketplace, a leading marketplace lending company, today announced that it has signed an exclusive WIB Endorsed Program partnership with Western Independent Bankers (WIB). This deal will give WIB member banks, which include more than 160 independent and community banks in 13 western states in the U.S., unprecedented access to affordable consumer loans through the Prosper platform. “Independent banks are essential to the health of the American economy, but in order to compete and win customers, they need to be able to offer compelling products that are competitively priced and easy to understand,” said Aaron Vermut, CEO at Prosper. “Prosper has…

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Peer-to-Peer Lending – a $1-Trillion Marketplace

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By Jeff Fortin,  CrowdFunding Beat Guest Contributor, In 2006, Lending Club embarked on a new adventure with the matching of lenders and borrowers though and online platform, which started on rocky ground, yet has transcended into a $8.6B operating company following a successful Initial Public Offering, reaching 65% premium over issue price. Image, alternative banking, online partners, lenders and borrowers. What started as a solely peer-to-peer model has reached into the various forms of institutional investors. The emerging space is evolving into marketplace lending. The market reaching $1-Trillion, as projected by Foundation Capital, in available lending possibilities is only being scratched with the numerous players from…

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Prosper Marketplace Surpasses $2 Billion in Personal Loans on its Platform


CrowdFunding Beat News Wire, October 27, 2014 11:46 AM Eastern Daylight Time SAN FRANCISCO–(BUSINESS WIRE)–Prosper Marketplace (, a leading online marketplace for consumer credit, today announced more than $2 billion in personal loans have been originated through its platform, just six months after reaching the $1 billion milestone in April 2014. Year to date, Prosper has originated more than $1.2 billion in loans through its platform. “As Prosper continues on this path of rapid growth, we are focused on investing in our people, products, and in building out a world-class customer service team to ensure the best possible experience on our platform.” “It took us…

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D3 Banking has closed $7 million in funding fromRoute 66 Ventures. Based in Omaha, D3 Banking is a digital banking platform


CrowdFunding Beat News Wire, D3 Banking has closed $7 million in funding fromRoute 66 Ventures. Based in Omaha, D3 Banking is a digital banking platform. PRESS RELEASE OMAHA, Neb.–(BUSINESS WIRE)–D3 Banking, the leader in Data Driven DigitalTM banking, announced today that it raised $7 million in equity capital from Route 66 Ventures, LLC. D3 Banking offers a single platform solution that provides regional and community financial institutions with a comprehensive set of data driven digital banking services for any computer, smartphone, tablet or other digital device. Route 66 Ventures, LLC is a private investment firm that provides venture capital, private equity and venture debt to emerging…

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Lending Club’s IPO and the Next Phase of Crowdfunding


By Steve Cinelli, CrowdFunding Beat  Sr.Contributing Editor, The crowdfundingindustry has entered a new, and possibly more legitimate space, in the framework of financial services. I refer to the recent S-1 filing of Lending Club (LC), which elevates the profile of both the company as also the distributed finance industry overall. Lending Club’s claim to an expected $5 billion market capitalization can be viewed as a major success in terms of value creation, market opportunity and the growth of new shadow banking methodologies. We have seen crowd platforms, whether in peer-to-peer lending (P2P) (Prosper and LC), real estate crowdfunding (Fundrise, Realty Mogul), SME loan funding (Funding Circle), raise growth…

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CrowdFund Your Credit Card Debt


NEW YORK (TheStreet — Here’s the situation. You’ve unintentionally run up some credit card debt and the interest is so high that it seems like you can’t get ahead. Your big bank has no desire to help you out, and you wouldn’t dream of asking a friend or family member to help you out of this jam. But what if a crowd of random strangers steps up? That’s exactly the scenario at sites like and Borrowers apply for loans and the websites screen the applicants to make sure the lenders will pay the money back. Only 10% get approved, so it’s not a…

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BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

MarketWatchWhy a crowdfunding site is giving out $10000 scholarshipsMarketWatchCrowdfunding site GoFundMe announced Thursday that it will award $10,000 to 10 students with pages on their site that fundraise for education. The award is part of a contest the site held throughout Septemb [...]

MottoYou'll Never Believe How Couples Are Paying for IVFMottoMore and more couples are turning to crowdfunding to fund costly in vitro fertilization (IVF) treatments, Bloomberg reports. The cost of IVF treatments, a popular choice for women struggling with infertility issues, ave [...]

WestwordProgressive-Rock Band Marillion Pioneered CrowdfundingWestwordThat was the beginning of crowdfunding for us — and for every band, really.” When it came time for the recording and release of the followup to the 1999 record, Kelly and the band realized that one of [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

CoinTelegraphCrowdfunding vs. ICO: Experts Question Legitimacy and Guarantees ...CoinTelegraphThe simplistic idea behind crowdfunding a non-existent software or system has become a trend in the cryptocurrency industry, but most Bitcoin experts are highly ...and more » [...]

Crowdfund Expansion - Seedrs Moves Into Europe With EU Financial Services PassportForbes“We want break down national barriers and geographic barriers,” says Jeff Lyn, co-founder and CEO of UK crowdfunding platform, Seedrs. “Why limit investment to within fifty miles of your house?” On [...]

ForbesVenture Crowdfunding Revisited: An Update with NIN VenturesForbesI am about to head off to attend the Global Crowfunding Convention (GCC) 6 in Las Vegas. It will be my fourth time attending. The crowdfunding industry has grown from $16 billion in 2014 to $34 billion in 2015, and [...]

Crowdfund InsiderTitle III Crowdfunding Might Not Be What Many ExpectedCrowdfund InsiderI have been immersed in the equity crowdfunding industry since late 2015 and have tried to collect as many different perspectives on the industry from as many experts as possible. And while it is h [...]

PC MagazineHow to Crowdfund Without Going Broke and Irking Your BackersPC MagazineTo say crowdfunding is on the rise would be an understatement. Crowdfunding—raising small amounts of money from a large number of people in order to launch a product, service, or project of some sort—is [...]

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