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October 09, 2015 10:16 PM ET

Internet Software and Services

Company Overview of Prosper Funding LLC

Company Overview

Prosper Funding LLC operates a peer-to-peer online credit marketplace that connects borrowers and investors. The company originates borrower loans, as well as issues and sells borrower payment dependent notes corresponding to the borrower loans. Its platform enables its borrower members to borrow consumer loans and its investor members to invest in borrower loans. The company is based in San Francisco, California. Prosper Funding LLC is a subsidiary of Prosper Marketplace, Inc.

221 Main Street

3rd Floor

San Francisco, CA 94105

United States



Key Executives for Prosper Funding LLC

Chief Executive Officer and Director
Age: 42
President and Director
Age: 50
Executive Chairman
Age: 69
Principal Financial & Accounting Officer and Treasurer
Age: 46
Chief Operating Officer
Age: 38
Compensation as of Fiscal Year 2015.

Prosper Funding LLC Key Developments

Prosper Funding LLC Announces Executive Changes

Xiaopei Macy" Lee resigned as Chief Financial Officer of Prosper Marketplace Inc. (PMI) and as Treasurer of Prosper Funding LLC, effective as of July 10, 2015. On that same date, John Hiestand, PMI's Vice President of Finance, was appointed the Treasurer of Prosper Funding and designated as the principal financial and accounting officer of both PMI and Prosper Funding. John Hiestand, age 47, has served as PMI's Vice President of Finance since May 2015. Prior to joining PMI, Mr. Hiestand served as Director, Chief Operating Officer at Wells Fargo Prime Services, LLC (formerly Merlin Securities, LLC) from August 2012 until April 2015.

Prosper Funding LLC announced delayed 10-Q filing

On 05/18/2015, Prosper Funding LLC announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Prosper Funding LLC announced delayed annual 10-K filing

On 04/01/2015, Prosper Funding LLC announced that they will be unable to file their next 10-K by the deadline required by the SEC.

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