Prosper Healthcare

What Prosper Healthcare does

Prosper Healthcare (operating as Prosper Funding LLC) is a US-based online lending marketplace that provides personal loans with a vertical specialization in healthcare financing. Founded in 2005 and headquartered in San Francisco, California, the company operates a product-led, self-serve platform where individual consumers can check their rate without impacting their credit score, apply for loans, and receive funds within one business day. Loan amounts range from $2,000 to $50,000 with fixed APRs between 8.99% and 35.99%, terms of two to six years, and origination fees of 1% to 9.99%. All personal loans are originated by WebBank, with Prosper serving as the marketplace connecting borrowers to investors that fund the loans.

The company's healthcare-focused product suite includes specialized financing for dental procedures, bariatric surgery, plastic surgery, fertility/IVF treatments, and mental health services, addressing medical expenses not fully covered by insurance or with high out-of-pocket costs. Beyond healthcare, the broader platform also offers personal loans, debt consolidation, home improvement loans, vehicle loans, business loans, student loans, special occasion loans, and the Prosper® Card credit card. Revenue is generated primarily through interest income on originated loans and origination fees on each transaction.

The company employs 51-100 people and operates exclusively in the US market, acquiring borrowers primarily through direct-to-consumer digital channels including its website, mobile-optimized experience, content marketing, SEO, social media (Facebook, X, LinkedIn, Instagram), and a Trustpilot presence with 14,429 reviews. BBB accreditation and 20 years of operating history support brand credibility, though no recent funding rounds, M&A activity, management team disclosures, or revenue figures are available in the data.

Name

Prosper Healthcare

Legal name

Prosper Funding LLC

Website

https://prosperhealthcare.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Prosper Healthcare operates a US-based online lending marketplace providing personal loans from $2,000 to $50,000, with vertical specialization in healthcare financing including dental, bariatric, fertility, and mental health loans. Loans are originated by WebBank through a direct-to-consumer digital platform.

Ownership category

akta.pro rank

Product category

Healthcare Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Credit Intermediation and Related Activities (522), Sales Financing (52222)

SIC

Loan Brokers (6163), Personal Credit Institutions (6141)

akta.pro primary industry

Medical & Healthcare Personal Loans (Unsecured Installment) (FSAKAAAF)

akta.pro secondary industry

Healthcare & Medical POS Financing (FSAKAFAI)

Keywords

• Healthcare financing
• Personal loans
• Medical loans
• Online lending platform
• Loan marketplace

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Loan Interest: Earn interest on personal loans extended to borrowers. Loans have fixed interest rates ranging from 8.99% to 35.99% APR with terms of 2-6 years.
2. Origination Fees: Charge origination fees ranging from 1% to 9.99% of the loan amount. For example, a three-year $10,000 personal loan with an interest rate of 17.29% and an 8.99% origination fee results in the borrower receiving $9,101.00.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Prosper Healthcare operates an online personal loan marketplace that connects borrowers with investors to fund unsecured loans, with a dedicated focus on healthcare financing. The platform offers fixed-rate personal loans ranging from $2,000 to $50,000 with APRs of 8.99%-35.99%, terms of 2-6 years, and origination fees of 1%-9.99%. All loans are made by partner bank WebBank, with Prosper providing the technology platform, underwriting, and borrower-facing experience.

Product overview

Prosper operates a multi-product personal lending platform with healthcare financing as a core vertical. The main offering is Medical Loans/Healthcare Financing, which includes specialized sub-products for dental, bariatric surgery, plastic surgery, fertility treatment, and mental health financing. The broader platform encompasses Personal Loans (with debt consolidation and home improvement variants), The Prosper Card (credit card), Business Loans, Student Loans, Vehicle Loans, and Special Occasion Loans. All loans are unsecured, have fixed rates (APR 8.99%-35.99%), terms of 2-6 years, and are made by WebBank. The company connects borrowers with investors through its marketplace model.

Differentiator

Problem solved

Functional benefit

Brands

• Prosper® Card: Credit card product built to help users take control of their credit

Products and services

• Medical Loans / Healthcare Financing Unsecured personal loans from $2,000 to $50,000 with 2-6 year terms and fixed monthly payments, designed to help borrowers finance medical expenses including surgeries, treatments, medications, hospital stays, and other healthcare costs not fully covered by insurance. All loans made by WebBank.
• Dental Loans

Quantifiable outcome

• Average APR for 3-year term loans funded between January 1, 2026 and March 31, 2026 was 24.19%

Named customers8 records

Segments6 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Upstart: Upstart is an AI-driven online personal loan platform partnering with banks to originate unsecured consumer loans. It competes for the same online personal-loan borrower and represents the technology-forward vision of where Prosper's platform could evolve.
• CareCredit (Synchrony Financial): CareCredit is a leading healthcare-focused consumer financing product offered through Synchrony Financial, providing dedicated financing for medical, dental, cosmetic, fertility, and veterinary procedures. It directly competes with Prosper's medical-vertical lending products and serves similar healthcare-provider-referred borrowers.
• LendingClub: LendingClub operates a P2P-style personal loan marketplace that originates unsecured consumer loans for purposes including medical, debt consolidation, and home improvement, using a marketplace-broker model very similar to Prosper's. It is the closest historical and structural analog to Prosper's loan marketplace.
• Best Egg (Marlette Funding): Best Egg is a direct-to-consumer online lender offering unsecured personal loans for purposes including home improvement and major life expenses. It is a bank-partnership model (WebBank also originates some of these loans) and competes for the same online, self-serve borrower.
• Upgrade: Upgrade is an online consumer lender offering unsecured personal loans and credit products (including a card) with fixed rates and terms similar to Prosper. It overlaps in target customer (online, self-serve, self-employed and prime borrowers) and product structure.

Broad incumbents

• LightStream (Truist): LightStream is the online unsecured-loan division of Truist, providing fixed-rate personal loans for medical procedures and home improvement among other purposes. It is a bank-affiliated competitor in the same online healthcare financing category as Prosper.
• Marcus by Goldman Sachs: Marcus is the consumer-banking arm of Goldman Sachs offering unsecured personal loans online to prime borrowers. It competes with Prosper for quality healthcare-financing borrowers, though its product is broader-purpose rather than healthcare-specialized.
• Discover Personal Loans: Discover Personal Loans is an established direct-to-consumer unsecured personal loan product from a major card issuer that finances medical and debt consolidation expenses. It is a large incumbent competitor in Prosper's core category of unsecured online personal lending.
• SoFi: SoFi is a large direct-to-consumer online personal lender offering unsecured personal loans used for medical expenses, debt consolidation, and other consumer purposes. While broader than Prosper, it competes for the same borrowers seeking unsecured healthcare financing and operates a comparable self-serve, technology-led origination model.

Emerging players

• Affirm: Affirm is a fintech offering point-of-sale installment financing that has expanded into healthcare-related procedures, directly overlapping with Prosper's elective-procedure financing (cosmetic, fertility, dental) through a merchant-integrated model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/prosperhl
• Facebookfacebook.com/prosperloans
• LinkedInlinkedin.com/company/american-healthcare-lending
• Instagraminstagram.com/letsgoprosper

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prosper Healthcare