Prosper Funding LLC has recently filed a sales report that provides details about its latest offerings of Borrower Payment Dependent Notes. This update is significant as it underscores the company's ongoing activity in the finance services sector, particularly in peer-to-peer lending. The report includes specific terms and conditions for the notes, which may influence both investors and competitors in the market.
Background
Prosper Funding LLC operates in the finance services industry, as indicated by its Standard Industrial Classification (SIC) code of 6199. The company is based in San Francisco, California, and is a non-accelerated filer with a Central Index Key (CIK) of 0001542574. Its recent filings include multiple submissions of Form 424B3, indicating a consistent effort to update stakeholders on its financial activities.
What the Filing Says
The filing dated October 21, 2026, supplements a prospectus from September 2, 2026. It details the sale of various series of Borrower Payment Dependent Notes. The report emphasizes that each note comes with a PMI Management Right issued by Prosper Marketplace, Inc. The notes sold include:
Borrower Payment Dependent Notes Series 14169347
Amount: $5,554.94, Prosper Rating: E, Investor Yield: 25.93%
Additional series include Borrower Payment Dependent Notes Series 14168234 and 14164385, with amounts of $10,000.00 and $5,000.00 respectively, highlighting various terms, yields, and borrower profiles.
Impact
This update may affect individual investors looking for opportunities in the peer-to-peer lending market. It also places pressure on competitors in the finance services sector to enhance their offerings. The detailed borrower profiles and terms provided in the filing may influence investor decisions and expectations regarding returns.
What's Next
The filing does not specify what happens next regarding these notes or any upcoming actions by Prosper Funding LLC.