• Prosper's P2P Lending Spreads To Asia

    Peer to peer lending startup, Prosper, is expanding operations to Japan and other Asian countries as a shared partnership with Tokyo-based SBI Holdings, Inc. SBI will be helping prosper navigate Asia’s regulatory environment. SBI Group has a market capitalization in excess of $8 billion and consists of 65 consolidated subsidiaries and 12 affiliated companies, including 9 public… Read More

  • $20 Million For Prosper: P2P Lending

    P2P lending site Prosper is doing well enough to swallow another $20 million in venture capital, the company is announcing today. The company has now raised $40 million in capital. The round was led by DAG Ventures and Meritech Capital Partners. Existing investors Accel Partners, Benchmark Capital, Fidelity Ventures and Omidyar Network also participated. Prosper allows members to request loans… Read More

  • To Announce Milestones Tuesday

    On Tuesday, a person-to-person lending site that launched in February, will announce a couple of fairly significant milestones: 100,000 members and $20 million in funded loans. They reached both milestones faster than UK-based competitor Zopa, which was recently named a Busines 2.0 “Disruptor.” Prosper allows members to request loans of up to $25,000 (the average… Read More

  • Prosper Launches – Social Lending

    San Francisco-based Prosper launched today (Prosper was called Circleone during its stealth stage). Like London-based (and Benchmark funded) Zopa, Prosper is a marketplace for borrowers and lenders. Individual borrowers say how much they need to borrow (up to $25,000) and the maximum interest rate they will pay. Interested lenders say how much they want to lend, and at what rate. Prosper takes… Read More

  • CircleOne Rumored to Launch Soon

    Update: February 5, 2006: CircleOne is now called Prosper. Rumors are flying that a super-stealth BenchMark backed company called CircleOne (also known as p2pcredit) will be launching as soon as this weekend. The domain name,, is not yet live. If the rumors are correct, the company will be similar to Zopa, a London based company that we profiled in August. Zopa syndicates… Read More