Prosper Announces New $500 Million Forward Flow Agreement with Fortress and Edge Focus to Expand Its Personal Loan Marketplace

SAN FRANCISCO, April 29, 2025 /PRNewswire/ -- Prosper Marketplace, the first peer-to-peer lending platform in the United States, today announced a $500 million forward flow agreement led by funds managed by affiliates of Fortress Investment Group ("Fortress") alongside Edge Focus. The $500 million forward flow purchase agreement will help Prosper increase access to credit as more borrowers seek a personal loan to refinance high-interest rate credit card debt, for home improvements, or to make a major purchase.

"Since 2005, Prosper has helped more than 2 million Americans achieve their dreams with access to personal loans*, credit cards, home equity lines of credit, and home equity loans. Our partnership with Fortress and Edge Focus furthers our ability to pursue our mission and vision," said Usama Ashraf, President & Chief Financial Officer of Prosper. "We are excited to work with such thoughtful and creative long-term partners."

Under the forward flow agreement Fortress and Edge Focus have agreed to purchase a fixed portion of unsecured personal loans originated through Prosper's platform, up to an aggregate of $500 million.

Bart Stankiewicz, Managing Director in Asset-Based Credit at Fortress, adds: "Prosper's long history of providing borrowers with access to a variety of lending products gives the company significant insights with which to make prudent underwriting decisions. By bringing together these insights with the know-how of our partners at Edge Focus and our own 20+ years of consumer finance experience, we've been able to structure an agreement that enhances borrowers' access to financing while creating a compelling investment opportunity for our investors."

"Our joint venture with Fortress creates win-win-win opportunities—expanding Prosper's ability to responsibly serve more borrowers, delivering attractive returns to the JV investors, and providing borrowers with access to affordable financial solutions. We are grateful to work alongside such proactive and strategic partners," said Kevin Hennessy, Chief Investment Officer of Edge Focus.

About Prosper: 
Founded in 2005, Prosper introduced U.S. consumers to an innovative new approach to personal finance called peer-to-peer lending. Twenty years later, Prosper has helped over 2 million customers achieve financial well-being through a comprehensive suite of products.

Prosper's flagship personal loan marketplace continues to offer a unique value for borrowers and investors alike. Home equity loans and lines of credit through Prosper provide homeowners a range of options and choices for tapping into the equity they've worked hard to build. The Prosper^® Card supports people seeking access to credit and flexibility in managing their finances.

Regardless of the product, Prosper is dedicated to meeting people where they are in their financial journey, in order to advance their financial well-being. Learn more at www.prosper.com.
*All personal loans made by WebBank.

The Prosper^® Card is an unsecured credit card issued by Coastal Community Bank, Member FDIC, pursuant to license by Mastercard^® International.

All home equity products are underwritten and issued by Prosper's Lending Partners. Please see your agreement for details.

Prosper Funding LLC

221 Main Street, Suite 300 | San Francisco, CA 94105
© 2005-2025 Prosper Funding LLC. All rights reserved.

About Fortress Investment Group:
Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $49 billion of assets under management as of December 31, 2024, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. For more information, please visit www.fortress.com.

About Edge Focus: 
Edge Focus is a fast-growing investment management company that provides its investors and capital partners with tech-enabled access to consumer-focused private credit…with an Edge. Edge Focus runs funds, special purpose vehicles, and separately managed accounts for its partners. For more information, visit www.edgefocuspartners.com.

Media Contacts: 
Alex Shafer/Madison Vance
JConnelly for Prosper
[email protected]

Mark Lane
Fortress
[email protected]

Jeff Andrews
Edge Focus
[email protected]

SOURCE Prosper Marketplace; Edge Focus