Prosper’s Growth History: $4 Billion in Loan Originations Since Launch
P2P lending company Prosper, recently published some facts and stats about its history, performance, and future plans according to Julie Schicktanz at Finovate. Prosper launched in 2006, and six years later, in 2012, the company had closed $150 million in loans. In 2014, Prosper closed $1.6 billion in loans. At the time, this was a record and rang in at 3.5 times more than the previous year’s loan volume. In Q1 2015, Prosper closed its largest quarter so far with $912 million in loan originations on the platform. This is an increase of almost 12x over two years before. This month (August 2015), Prosper announced it has originated more than $4 billion in loans since its 2006 launch.
The industry is taking notice. So far this year, Prosper has been named one of Forbes Magazine’s Most Promising Companies of 2015, an AlwaysOn OnFinance Company of the Year, and was listed as a Global 250 Top Private Company.
In 2012, Prosper employed 85 people. The company now has 457+ employees and, in 2015 alone, has doubled the size of its engineering team.