Lead well and prosper
San Francisco, 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