Location: 111 Sutter Street, 22n floor, San Francisco, California, United States United States
Stage: Post-launch
Number of employees: 16-30
Funding history:
- Date: 03/2016, IPO: undisclosed amount
Investors: Jay Reinemann
Short URL: vator.co/Lead-well-and-prosper


Lead well and prosper
California, United States United States
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Company description
Money and lending is typically controlled by large institutions. Prosper wants to change that.
Business model
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.
Jay Reinemann
Experienced operator and investor in financial services and technologies