Prosper

52 results about this entity

Period: 01 Nov 2006 - 17 Jun 2024

Prosper pays $1 million to settle securities violation

US person-to-person lending exchange Prosper has paid $1 million to US state securities regulators to resolve a probe into the sale of unregistered securities over the site.

Loanio stops taking new loans as SEC outlines reasons for P2P lending freeze

Loanio has become the latest US online person-to-person lending exchange to stop taking new loans whilst it registers promissory notes with securities authorities.

Prosper stops taking new loans

US online person-to-person lending exchange Prosper has stopped accepting new loans as it looks to register its business with federal regulators.

Lending Club shuts down P2P loans

US person-to-person (P2P) network Lending Club has stopped accepting new loans and lender registrations on its platform as it looks to register its business with securities authorities.

P2P lending network IOU Central launches in Canada

A new online person-to-person (P2P) lending network, called IOU Central, has been launched in Canada.

Banks facing increasing competition from social networks - Gartner

Social banking platforms - such as peer-to-peer (P2P) lending networks like Zopa and Prosper - will grow to control 10% of the worldwide market for retail lending and financial planning by 2010, according to research by consultancy Gartner.

Americans to turn to P2P lending to pay credit card debt - study

A new US study released by Javelin Research & Strategy predicts that more Americans will turn to online person-to-person (P2P) social lending networks to pay off credit card debt, with the amount borrowed for this purpose expected to grow from $38 billion in 2007 to $159 billion by 2012.

Zopa teams with credit unions for US launch

UK peer-to-peer lending platform Zopa is working with US credit unions as it looks to take on rival firms such as Prosper in the North American market.

Social lending hits Australia and New Zealand

The growth of Web 2.0-based peer-to-peer social lending services is continuing with the launch of new facilities in Australia and New Zealand.

EBay in microfinance initiative

Electronic auction house eBay has launched MicroPlace, a Web site that enables US customers to invest in microfinance projects aimed at helping people in the poorest parts of the world.

Lending Club moves out of Facebook with new community site

P2P loan network Lending Club is expanding beyond its original Facebook member base to connect lenders and borrowers over the public Internet via a new Website, LendingClub.com.

LendingClub wins $10.26 million funding; to expand beyond Facebook

LendingClub, the peer-to-peer social lending site launched on Facebook three months ago has secured $10.26 million in a Series A funding round led by Canaan Partners and Norwest Venture Partners.