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How does Prosper make money?

We have two primary sources of revenues: transaction fees and servicing fees. Prosper earns transaction fees from WebBank ranging from 1-5% of each originated loan amount for facilitating the origination of such borrower loans through our marketplace.  Prosper also subtracts a servicing fee from each loan payment we receive from borrowers. Our servicing fee is currently set to 1% per annum of the outstanding loan principal balance. In the future, we may increase the servicing fee to a rate that is greater than 1% but no greater than 3% per annum. Any change to this fee will only apply to loans originated after the date of the change.

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