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July 02, 2019

Prosper offers loans that are socially and financially rewarding

Kathleen McGuirk

Updated on October 29, 2019

As the first peer-to-peer lending marketplace in the United States, Prosper aims to advance financial wellbeing by giving borrowers access to affordable credit—while giving investors the opportunity to invest in the consumer credit asset class.

A seamless onboarding process is critical to Prosper’s success. So when a vendor they had been using to connect customer bank accounts began to experience frequent outages, they knew they needed a solution.

To streamline the process of connecting customer bank accounts, Prosper launched a pilot program with Plaid. The resulting partnership has exceeded every one of their performance benchmarks. With Plaid, Prosper's customers successfully connect their bank accounts about 80% of the time.