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Article: The Tech Scene: How Secondary Market Could Morph Prosper.(Prosper Marketplace Inc.)
- Article from:
- American Banker
- Article date:
- November 2, 2007
- Author:
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Prosper Marketplace Inc. has already demonstrated that it can attract a large customer base, and its plan to create a secondary market for its person-to-person lending service will test whether its users are willing to engage in more sophisticated transactions.
The San Francisco company registered with the Securities and Exchange Commission Tuesday to develop a system enabling people to resell the loans originated through its Web site, a move that some watchers had previously identified as a logical next step that could broaden the range of customers it attracts.
Edward Woods, a senior analyst for the market research firm Celent LLC, said in an interview ...