Fintech Lender Settles with SEC for Overstating Investor Returns
Marketplace lender Prosper overstated annualized net returns to more than 30,000 investors for nearly two years.
Kodak Decides Against Selling Prosper Business
“While we had multiple offers, the range of consideration did not reflect the value of the business today,” CFO David Bullwinkle says.
Prosper’s Loss Increases to $118M in 2016
The online lender's revenue fell 33% as it struggled to obtain loan funding from investors.
Prosper Marketplace Buys Finance App Provider
The transaction unites online marketplace lending and personal finance management.