Ron Suber shares his thoughts on the evolving Marketplace Lending Industry at the November 15 Fintech Revolution Symposium.

1. MARKETPLACE
LENDING
RON SUBER
PRESIDENT
PROSPER MARKETPLACE I @PROSPERLOANS
INTRODUCTION TO
MARKETPLACE LENDING

2. MARKETPLACE
LENDING PLATFORMS?
PLATFORMS THAT CONNECTS CREDITWORTHY BORROWERS TO
INVESTORS WHO WANT SOLID RETURNS
WHAT ARE…

3. About Prosper Marketplace
I © 2016 Prosper. All Rights Reserved. Proprietary and Confidential. 3
Pioneer in
Marketplace Lending
A new model that is disrupting the consumer
credit market ($3T currently in the US alone).
Crossed $8B
in Originations
And is only one of two at scale
lending market places in the world.
Consumer-Only Platform
Focus on removal of any frictions that impede a
seamless experience for our customers.
Sustainable
Competitive Advantage
In customer experience, borrower
acquisition, investor base and risk.
Institutionally Ready Risk and
Compliance
Centralized Enterprise Risk Management.
Strategic focus on bank partnerships.
Innovative Underwriting and
Attractive Investor Returns
Continuously optimize and improve risk model.
Investors earn average net returns1 of 7.1%.
1 Estimated returns are calculated by taking the weighted average borrower interest rate for all loans originated during the period, adding (ii) estimated collected late fees and post charge-off principal recovery for such
loans, and subtracting (iii) the servicing fee, estimated uncollected interest on charge-offs and estimated principal loss on charge-offs from such loans. The actual return on any Note depends on the prepayment and
delinquency pattern of the loan underlying each Note, which is highly uncertain. Individual results may vary and projections can change. Past performance is no guarantee of future results and the information presented
is not intended to be investment advice or a guarantee about the performance of any Note.

4. 4
BORROWERS
• BETTER PRICING
• FAST DECISION AND
ORIGINATION
• TRANSPARENCY AND
FAIRNESS
• GREAT CUSTOMER
EXPERIENCE
INVESTORS
• NEW ASSET CLASS
• ATTRACTIVE RISK
ADJUSTED RETURNS
• TRANSPARENCY
• PERSONALIZED
PORTFOLIO
• LOWER DURATION RISK
BENEFITS TO BORROWERS & INVESTORS

5. Key
Components
People Growth Companies
Data Analytics
Marketing Expertise
Capital Markets
Great Underwriting

6. 6
Marketplace Lenders S&P 500 All U.S Stocks
International Bonds Corporate Bonds High Yield Corporate Bonds
+4.90% +2.26% +1.85%
+4.67% +4.89% +1.63%
We can provide investors with core product that
remains attractive.
*12-month performance as of November 8, 2016
1 Year Performance*

7. Month Over Month 3-Month Return
12-Month Return
+0.24% +0.96%
+4.90%
Asset Performance
* 12-Month data as of November 8, 2016
1000
1050
1100
1150
1200
1250
1300
1350
1400
1450
1500
Jan'11 Jan'12 Jan'13 Jan'14 Jan'15 Jan'16
Orchard Consumer Marketplace
Lending Index

8. I © 2016 Prosper. All Rights Reserved. Proprietary and Confidential. 8
Strong, consistent origination growth
• Proprietary P2P loan performance data since Prosper’s launch in 2006
• Prosper was revitalized by existing management team and institutional investors in 2013
• Prosper now has more than 400 employees devoted to operating the marketplace
CUMULATIVE LOAN ORIGINATIONS THROUGH PROSPER ($MM)
GROWTH HIGHLIGHTS
Data from SEC filings
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Current
management
revitalizes
Prosper
$1bn
originations
$2bn
originations
$3bn
originations
$4bn
originations
$5bn
originations
$6bn
originations
2013 2014 2015 2016
$7bn
originations

9. 9
Prosper Loan Performance
1. Prosper returns series are calculated using a standard initial investment and methodology by monthly vintage. Using empirical returns and cash flows, performance is calculated as the weighted average of the total monthly interest, fee and net recovery
proceeds received, net of charge-offs and servicing fee [and loan trailing fee], divided by the monthly principal balance. In addition, origination volumes are kept constant for all monthly vintages to mitigate the weighting effects of origination volume on
performance and to provide a blended performance of the platform. Past performance is not indicative of future performance.
2. Credit Card Performance Source: Board of Governors of the Federal Reserve System (US)
• Component: Interest Rate, card accounts assessed interest (A), TERMCBCCINTNS; charge off rate on credit card loans (B), CORCCACBS
• Credit card return = 70% X Yield (A) - charge off rate (B); Assume revenue = 70% of yield with consideration of non interest income and operation expenses
I © 2016 Prosper. All Rights Reserved. Proprietary and Confidential.
The Prosper loan portfolio has historically exhibited annualized
returns of 6-11%, with every month being positive. Annualized
return
Average
Borrower Rate
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Prosper1
Interest2
2010 1.01% 0.71% 1.18% 1.27% 1.04% 1.38% 1.31% 1.05% 1.32% 1.14% 1.07% 1.07% 14.42% 19.20%
2011 1.24% 1.03% 1.28% 0.81% 0.90% 0.98% 1.16% 1.16% 1.16% 0.86% 0.72% 0.90% 12.92% 21.16%
2012 0.90% 0.74% 0.85% 0.78% 0.81% 0.89% 0.84% 0.94% 0.49% 0.72% 0.82% 0.55% 9.74% 19.71%
2013 0.78% 0.51% 0.78% 0.74% 0.84% 0.75% 0.82% 0.78% 0.71% 0.81% 0.66% 0.82% 9.39% 16.81%
2014 0.73% 0.62% 0.70% 0.84% 0.74% 0.82% 0.84% 0.74% 0.78% 0.73% 0.57% 0.57% 9.06% 14.19%
2015 0.63% 0.65% 0.58% 0.71% 0.51% 0.69% 0.73% 0.59% 0.62% 0.56% 0.52% 0.49% 7.54% 13.50%
2016 0.38% 0.49% 0.55% 0.59% 0.47% 0.61% 0.46% 0.51% 0.48% 0.33% 6.00% 13.86%
Summary statistics
Min 0.33%
Credit Model Launch Max 1.38%
PMI6 August '15 Avg 0.79%
PMI5 April '14 Median 0.77%
PMI4 December '12 Std Dev 0.24%
Credit Model Iteration

10. US CONSUMER CREDIT OUTSTANDING2
$3.3 TRILLION
PROSPER
~0.4% MARKET PENETRATION4
US REVOLVING
CONSUMER CREDIT1
$925 BILLION
US Unsecured & Secured Consumer3
$13+ TRILLION
WE ARE JUST GETTING STARTED
SOURCE: FEDERAL RESERVE
1 CONSISTS OF REVOLVING CONSUMER DEBT OUTSTANDING
2 CONSISTS OF CONSUMER CREDIT CARD DEBT AND INSTALLMENT LOANS AND DOES NOT INCLUDE LOANS SECURED BY REAL ESTATE
3 CONSUMER CREDIT + MORTGAGES (INCL. HEL & HELOC)
4 THE DATA, STATEMENTS AND FIGURES ARE BASED ON PROSPER'S ANALYSIS AND CALCULATIONS WHICH, IN TURN, ARE BASED ON VARIOUS DATA SOURCES COMPILED AND ANALYZED BY PROSPER WITH ALL REASONABLE
CARE TO ENSURE THEY CONTAIN NO OMISSION LIKELY TO AFFECT THEIR IMPORT. NEITHER THE ANALYSIS NOR THE UNDERLYING DATA SOURCES HAVE BEEN VERIFIED BY AN INDEPENDENT THIRD PARTY