Prosper, CRB Securities, and Cross River Financial institution Shut Inaugural 100% Prefunded ABS Transaction

San Francisco, CA – October 16, 2025 – Prosper Market, Inc. (“Prosper”), a fintech pioneer offering entry to reasonably priced monetary options to shoppers throughout the credit score spectrum, and CRB Securities, LLC (“CRBS”), a SEC-registered broker-dealer and FINRA member, introduced the profitable closing of Prosper’s inaugural 100% prefunded asset-backed securities (“ABS”) transaction, Prosper Asset Receivables Belief, 2025-1 (“PAR 25-1”). 

The $120 million PAR 25-1 transaction is backed by fixed-rate, fully-amortizing, unsecured private loans¹ originated by means of Prosper’s platform. CRBS serves as the only Structuring and Placement Agent  and the deal is co-sponsored by Cross River Financial institution (“Cross River”), a expertise infrastructure supplier that gives embedded monetary options.

“The prefunded nature of this transaction permits Prosper to effectively facilitate the origination of loans by means of its platform, whereas complementing present asset gross sales of entire loans and passthrough certificates to institutional traders,” stated Usama Ashraf, President & Chief Monetary Officer of Prosper.  “We’re thrilled to have partnered with Cross River Financial institution and CRBS to carry this transaction to the institutional market.” 

“It’s been thrilling to work with Prosper, the primary peer-to-peer lending platform in the USA, these previous few months to design a capital answer that matches their wants,” stated Ryan Callahan, Head of Structured Merchandise at CRBS. “The built-in leverage on the certificates attracted each new traders to the Prosper platform in addition to a few of Prosper’s longstanding present institutional companions.” 

“Cross River is proud to companion with Prosper as co-sponsor of this transaction. We’ve all the time thought extremely of the Prosper crew and the constant asset efficiency they’ve been capable of ship to their investor community,” stated Rahul Jha, Head of the Principal Finance Group at Cross River.

About Prosper:
Based in 2005, Prosper launched U.S. shoppers to an progressive new method to private finance referred to as peer-to-peer lending. Twenty years later, Prosper has helped over 2 million clients obtain monetary well-being by means of a complete suite of merchandise.

Prosper’s flagship private mortgage1 market continues to supply a singular worth for debtors and traders alike. Dwelling fairness loans and contours of credit score by means of Prosper present householders a variety of choices and decisions for tapping into the fairness they’ve labored onerous to construct. The Prosper® Card² helps folks looking for entry to credit score and adaptability in managing their funds.

Whatever the product, Prosper is devoted to assembly folks the place they’re of their monetary journey, to be able to advance their monetary well-being. Study extra at www.prosper.com.

1 All private loans made by WebBank.
Prosper’s borrower fee dependent notes (“Notes”) are supplied to retail traders pursuant to a Prospectus filed with the SEC. Retail Traders ought to rigorously contemplate the dangers, uncertainties, and different data described within the Prospectus earlier than investing.

2 The Prosper® Card is an unsecured bank card issued by Coastal Neighborhood Financial institution, Member FDIC, pursuant to license by Mastercard® Worldwide.

All house fairness merchandise are underwritten and issued by Prosper’s lending companions. Please see your settlement for particulars.

Prosper Funding LLC

221 Principal Road, Suite 300 | San Francisco, CA 94105

© 2005-2025 Prosper Funding LLC. All rights reserved.

About CRB Securities:
CRB Securities, LLC (“CRBS”)  is a completely owned subsidiary of CRB Group Inc, a financial institution holding firm,  and the mum or dad firm of Cross River Financial institution (“CRB”), established in 2008. CRBS is an SEC-registered broker-dealer and FINRA member. CRBS was created to unravel the financing wants of purchasers that need to entry the capital markets by means of the issuance of securities. By CRBS, Cross River purchasers can diversify their funding technique in a versatile and operationally environment friendly method. For extra data on CRBS, please go to https://brokercheck.finra.org

About Cross River
Cross River supplies expertise infrastructure powering the way forward for monetary companies. Leveraging its proprietary real-time banking core, Cross River delivers progressive and scalable embedded funds, playing cards, lending and crypto options to thousands and thousands of shoppers and companies. Cross River is backed by main traders and serves the world’s most important fintech and expertise corporations. Main the business, Cross River is reshaping world finance and monetary inclusion. Member FDIC. Discover out extra at www.crossriver.com.

Media Contacts
Prosper
Alex Shafer/Laura Marvin
[email protected]