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Volition’s Blog:
Growth & Guts
  • Company Updates
    Prosper Marketplace Closes Loan Purchase Agreement for up to $5 Billion of Loans with Consortium of Institutional Investors
    SAN FRANCISCO–(BUSINESS WIRE)–Prosper Marketplace, a leading online consumer lending marketplace, today announced that it has closed a deal with a consortium of institutional investors to purchase up to $5 billion worth of loans through the Prosper platform over the next 24 months. The investors in the consortium are affiliates of each of New Residential Investment … Continued
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  • Company Updates
    Prosper Appoints Stephan Vermut CEO; Partners with Sequoia Capital
    SAN FRANCISCO – January 22, 2013– Prosper (www.prosper.com), a leading peer-to-peer financing platform to invest and borrow money, today announced it has appointed Stephan Vermut as Chief Executive Officer and member of the board of directors. The former founder and managing partner of Merlin Securities is a seasoned entrepreneur, corporate executive and technologist with more … Continued
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  • Company Updates
    Prosper Names Josh Tonderys Chief Risk Officer
    Tonderys Joins from Barclaycard US to Oversee all Aspects of Credit Risk Management. SAN FRANCISCO – OCTOBER 3, 2012 – Prosper, a leading peer-to-peer lending marketplace, today announced the appointment of Josh Tonderys as Chief Risk Officer. In this role, Mr. Tonderys will be responsible for overseeing all aspects of credit risk management and will report … Continued
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  • Company Updates
    Prosper.com Brings Consistent, High Yield 10.46% Returns to IRA’s
    SAN FRANCISCO, CA–(Marketwire – Feb 29, 2012) – Prosper.com, a peer-to-peer lending marketplace for personal loans and investments, announced today that investors seeking consistent and predictable high-yield returns in their retirement accounts can now open a new or rollover IRA atProsper.com and earn industry-leading 10.46%1 tax deferred returns. Traditional, Roth, SEP and 401(k) rollovers are eligible for investing in … Continued
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  • Company Updates
    Prosper.com Funds More than $300 Million in P2P Personal Loans
    P2P lender funds a record of nearly $11 million in personal loans in January; 10.46%1 best-in-category returns continue to drive high growth San Francisco – February 2, 2012 – Prosper.com, a peer-to-peer lending marketplace forpersonal loans and investments announced today that it has funded more than $300 million in P2P consumer loans since inception. The company also announced … Continued
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  • Company Updates
    Prosper.com Announces 367% Year-Over-Year Growth in P2P Lending
    Best-in-Category Seasoned Returns Increase to 10.69%, Drive Record Growth  SAN FRANCISCO, CA–(Marketwire – Oct 20, 2011) – Prosper.com, a peer-to-peer (P2P) lending marketplace for personal loans that brings together creditworthy borrowers with individual and institutional investors, today released its P2P lending results for September 2011. The results showed a 367% year-over-year increase in loans funded compared … Continued
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