Money and lending is typically controlled by large institutions. Prosper wants to change that.
Chris Larsen, Chief Executive Officer and Co-Founder
For over a decade Chris Larsen has focused on using the Internet to make consumer lending more efficient, fair, honest, open, and trustworthy.
Prosper generates revenue by collecting a one-time 1% or 2% fee on funded loans from borrowers, and assessing a 0.5% or 1.0% annual loan servicing fee to lenders.