Prosper Marketplace is closing the secondary market for its loans, citing a lack of demand among investors.

San Francisco-based Prosper connects consumers who want a personal loan with investors who are attracted to the yields those loans offer. Investors in the loans include both everyday savers and large financial institutions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.