Lender funds have FCIC coverage

It’s not surprising that lenders have recently been calling and emailing us to find out if their Prosper cash balances are FDIC insured. We want to take this opportunity to let our lenders know that their cash balances are, in fact, FDIC insured.  Prosper is not a bank, does not take deposits, and is not [...]

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Continue reading → Lender funds have FCIC coverage

Lender funds have FCIC coverage

It’s not surprising that lenders have recently been calling and emailing us to find out if their Prosper cash balances are FDIC insured. We want to take this opportunity to let our lenders know that their cash balances are, in fact, FDIC insured.  Prosper is not a bank, does not take deposits, and is not [...]

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Continue reading → Lender funds have FCIC coverage

There is always another listing

In my first blog post last week I talked about how I often share the learnings of successful lenders, as well as the teachings of the marketplace results. My job at Prosper is to show lenders how to use Prosper and its various bidding tools.  Here are a couple of other learnings to consider.
I (and [...]

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Continue reading → There is always another listing

The Marathon, not the Sprint

My job at Prosper is to show lenders how to use Prosper and its various bidding tools. I speak with dozens of new lenders at Prosper every day. I often share the learnings of successful lenders, as well as the teachings of the marketplace results.
One of the most critical messages I try to share with [...]

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Continue reading → The Marathon, not the Sprint

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