Similar to Upstart and Lending,
"people can invest in each other through Prosper in a way that is financially and socially rewarding. Borrowers apply online for a fixed-rate, fixed-term loan between $2,000 and $50,000. Individuals and institutions can invest in the loans and earn attractive returns.
Prosper handles all loan servicing on behalf of the matched borrowers and investors.
Prosper Marketplace is backed by leading investors including Francisco Partners, Institutional Venture Partners, Third Point, and Jefferies."
(text between double quotes are taken from the Prosper website.
