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News

Every day the Fintech Nexus News team writes original stories from around the world, and we archive them chronologically on this category landing page.

News
·Apr. 30, 2012

Prosper and Lending Club Issue $53.7 Million in New Loans in April

The numbers keep rolling on. After posting just over $50 million in total new loans between them in March, Lending Club...
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News
·May. 16, 2012

Prosper Announces the Creation of Bankruptcy Remote Entity

In their latest quarterly report (Form 10-Q) just filed with the SEC Prosper shared a fascinating tidbit of information. They...
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News
·Jun. 27, 2011

Prosper Hires Top Lending Club Executive Joseph Toms

The peer to peer lending community is still a tiny one, particularly when it comes to high level executives. So...
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News
·May. 19, 2011

Prosper Raises Borrower Interest Rates by 1.29%

It has been a busy six months for the risk management people at Prosper. In December they moved away from...
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News
·Nov. 4, 2011

Prosper Receives a New Round of Funding

I have been out in San Francisco this week visiting with the management teams at Prosper and Lending Club. I...
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News
·Aug. 14, 2017

Prosper Reports Strong Q2 Numbers – Is Cash Flow Positive Again

Prosper announced their second quarter numbers today and the results are quite promising. Even though Prosper is a private company...
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News
·Jun. 7, 2011

Prosper.com Closes Next Round of VC Funding

Today Prosper announced that they have closed another funding round, this time for $17.2 million. It came from several of...
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News
·Dec. 16, 2010

Prosper.com Ending Their Auction Process Dec 19th

I started reading rumors about this earlier this week but it looks like it is now official. Prosper.com is ending...
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News
·Dec. 20, 2010

Prosper.com Has a New Look and a New Business Model

The changes at Prosper.com that I mentioned last week came to pass yesterday. They now have a new look, not...
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Fraud/Identity
·Jan. 22, 2024

Protect the house from fraud, not just the front door

While many security companies can make a strong lock for your front door, DataVisor co-founder and CEO Yinglian Xie said focusing on every area of the house is a much more effective strategy.
Read Full Story
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