On October 2nd, 2007, twenty of the most innovative companies in the financial, banking and lending industries showed off their latest and greatest innovations at FINOVATE 2007. The video and company profile for Prosper appears below.
Finovate events are organized by Online Financial Innovations which also publishes the well-known research publication Online Banking Report and the popular blog NetBanker.
Company Description: Prosper, America's largest people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone. Prosper's membership consists of over 440,000 people from across the country. Since launching in February 2006, over $90 million in loans have been funded in the marketplace.
San Francisco-based Prosper was co-founded by Chris Larsen, co-founder of E-LOAN, and John Witchel, technology entrepreneur. Backed by Accel Partners, Benchmark Capital, DAG Ventures, Fidelity Ventures, Meritech Capital, and Omidyar Network, Prosper has raised approximately $40 million.
