Did Marketplace Lending Grow Too Quickly?

Prosper Job Cuts: Growing Pains or Flawed Model?
– American Banker
American Banker interviewed Brian Korn, chair of the firm’s Capital Markets practice, for an article about Prosper, a marketplace lending company that is in the process of laying off 22% of its workforce.
“They're built to scale,” said Korn. “If scaling is being delayed somewhat, then their costs start to be overbearing relative to the actual income they're making on the loans.”

Read the article here



pursuant to New York DR 2-101(f)

© 2022 Manatt, Phelps & Phillips, LLP.

All rights reserved