Facing Tougher Times, Prosper Marketplace Is Making Deep Staff Cuts
PYMNTS
MAY 4, 2016
The moves comes as the firm is working to account for declining loan volumes. Changing market conditions (and some higher-than-expected default rates) have changed the math and softened investor interest some. billion in it last fundraising round last year, as of yet, the firm has not actually been profitable. billion to $6.1
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