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Crowd finance 2013 - Prosper.com

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Crowd finance 2013 - Prosper.com

  1. 1. CrowdFinance 2013 DECEMBER 17, 2013
  2. 2. Industry Possibilities from LendIt on June 20, 2013 1. A true liquid secondary market (in progress) 2. Risk-free rate of return rises as fed funds rate rises, making P2P returns less compelling (not yet) 3. P2P platforms add many more higher risk, higher interest rate borrowers 4. New forms of data and analysis methods become available making underwriting, risk, and pricing even better √ 5. Loans posting in real-time throughout the day – not set intervals (not yet) 6. An insurance option where returns are lower but a minimum interest rate/return guarantee (in progress) 7. Global multi asset class platforms emerge (in progress) 8. Purchased by Marketplace business, social networks, or other technology companies… IPO? (not yet) 9. P2P companies purchase their own bank charters (not yet) √ 10. Credit card companies create a lower, fixed rate, amortized refinance solution for borrowers (not yet) 11. Loans available in all states (not yet) 12. Loan securitization √ PROPRIETARY & CONFIDENTIAL . © 2013 2
  3. 3. Since June 160 Days Ago….. • Private securitizations have started to occur (3, 2 unrated/1rated) • New U.S. Platforms Emerging (Daric, Freedom Plus) • New Platforms Around The World Emerging (Germany, Canada, China) • New Service Provider/Ecosystem (Orchard, NoteX, 360, Autonote, Lending Robot) • Consolidation (Endurance/Funding Ciricle, Marshall Wace/Exchange Associates) • Dramatic Growth in Monthly Loan Originations in 2013: Prosper – November $46 MM vs. June $27 MM (70%+) Lending Club – November $234 MM vs. June $158 MM (48%+) • • • Risk Free Rate of Return still low (Fed Fund 25 bps/2 year 33 bps/10 year 280 bps) • Passive Lenders Have Arrived (Seeking Exposure/Capacity vs. Alpha) • Leveraged Funds (2X/3X) PROPRIETARY & CONFIDENTIAL . © 2013 3
  4. 4. Since June 160 Days Ago….. • Platforms Add Capital And Strengthen Partnerships • Media Frenzy • Increased Market Efficiency → More Borrowers (Point of Sale?) • Better Lender Experience Increase in volume of available loans No high frequency trading Increased number of data attributes available Better access to data (API) Performance • • • • • • Better Borrower Experience Days to Fund Loans down in the Single Digits Lower Rates (150 BPS decrease in platform rates) Increased efficiencies (faster experience through document upload and other new verification process) • • • PROPRIETARY & CONFIDENTIAL . © 2013 4
  5. 5. Spring Training Ends Today... PROPRIETARY & CONFIDENTIAL . © 2013 5
  6. 6. Thank you PROPRIETARY & CONFIDENTIAL . © 2013 6
  7. 7. Disclosures Neither Prosper Funding LLC nor Prosper Marketplace, Inc. are registered as an investment adviser with any federal or state regulatory agency. The information contained in this presentation is for informational purposes, and should not be construed as individually tailored investment advice or as a recommendation with respect to any security or investment approach. This presentation has been prepared without regard to the circumstances and objectives of the conference’s participants and should not be relied upon as authoritative or taken in substitution for the exercise of judgment by any participant. Each participant should consider the appropriateness of any investment decision having regard to his or her own circumstances, the full range of information available and appropriate professional advice. Prosper Funding LLC and Prosper Marketplace, Inc. recommend that each participant seek independent investment and financial advice concerning any services or investments discussed in this presentation. Notes are offered pursuant to the Prospectus which accompanies this presentation and which is also available at www.prosper.com/prospectus. Persons considering investing in Notes should review the Prospectus in its entirety. This presentation includes forward-looking statements. Forward-looking statements inherently involve many risks and uncertainties that could cause actual results to differ materially from those projected in these statements. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans and expectations of our management and is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. You should carefully read the factors described in the “Risk Factors” section of the Prospectus for a description of certain risks that could, among other things, cause our actual results to differ from these forward-looking statements. All forward-looking statements speak only as of the date of this presentation and are expressly qualified in their entirety by the cautionary statements above and in the Prospectus. We undertake no obligation to update or revise forward-looking statements that may be made in this presentation to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events PROPRIETARY & CONFIDENTIAL . © 2013 7

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