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Prosper allows people to invest in each other in a way that is financially and socially rewarding. On Prosper, borrowers list loan requests between $2,000 and $25,000 and individual lenders invest as little as $25 in each loan listing they select. In addition to credit scores, ratings, and histories, investors can consider borrowers’ personal loan descriptions, endorsements from friends, and community affiliations. Prosper handles the funding and servicing of the loan on behalf of the matched borrowers and investors.

Prosper was co-founded in 2006 by Chris Larsen, who also co-founded E-LOAN. Prosper has raised $57.7 million in venture capital and is backed by financial and technology luminaries including Jim Breyer of Accel Partners, Omidyar Network, Capital One Co-founder Nigel Morris of QED Investors, Court Coursey of TomorrowVentures, CompuCredit, and Volition Capital.