Epic levels of dysfunction - Anonymous employee Prosper.com Employee Review

1.0
2 Apr 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

-Company has got a ton of funding & is growing very quickly -Hot space with a lot of interest -New offices are beautiful

Cons

-Board & execs are almost all bankers, so the culture thinks of the tech & product folks as IT -Top-driven roadmap and deadlines -Company is struggling with an enormous amount of tech debt & unstable infrastructure -Talk of agile but really a waterfall process -Disagreement can be seen as disloyalty -Culture used to be more open to conversation and openness, now it's all about showing which team/dept can beat the others -Some possibly shady things being done, including some practices that are no longer standard (lack of email unsubscribe options, how long user data is stored & who has access to it, which third parties can access user data) -Blistering pace of hiring means unclear ownership, increasing bureaucracy, turf wars -Ineffectual HR department that's not equipped to handle the volume of new hires and personnel problems that can come up

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Prosper.com Response
10y
I’d like to address a few of the comments in this review. We are striving to make Proper a great place to work and develop one’s career. As I’ve addressed in previous responses, we did experience a huge amount of growth last year. In addition, while we operate with a start-up mentality, we are in fact, a 10-year-old company. As such, we have a technology platform that needs to be updated as quickly as possible. Our engineering and product teams have been working tirelessly to rewrite our platforms and improve our products, and they have made amazing progress in just the past few months. We recognize that the team has gone above and beyond. As a management team, we are focused on making sure these teams have what they need to do their jobs effectively. In terms of our HR function, this team is working hard to bring great people to our company. They are a lean team given our hiring and growth pace. We have an aggressive plan to build out our HR function by adding business partners, learning and development resources, and further developing our HR operations team. Finally, In terms of “shady things,” that couldn’t be further from the truth. We operate a very transparent business and are a highly regulated company. We file quarterly and yearly financial statements, and we are committed to operating a business that adheres to the highest standards, both ethically and financially. For all of us personally, professionally, and culturally, it is essential that we run a customer-friendly, transparent and ethical business.

Explore other reviews about Prosper.com

5.0
27 Apr 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I have truly enjoyed my time at Prosper. It is a company that offers genuine opportunities to learn, grow, and take on new challenges within your role. I absolutely love my team, my manager, and find the work itself deeply fulfilling. One of the standouts for me is the leadership. Having come from a previous company where leadership was hesitant to make difficult choices, which led to multiple rounds of layoffs, I have a massive appreciation for how Prosper’s leadership operates. They are willing to make short-term, sometimes unpopular decisions because they prioritize the long-term safety and stability of all employees. It is a huge relief to work for a financially stable organization where I can see myself building a long-term career. Prosper is also one of the most diverse companies I have been a part of. From my perspective, the compensation is very competitive compared to other industry ranges I have seen, and the benefits offerings meet my needs.

Cons

While the leadership makes the right calls for long-term stability, the resulting tough decisions can sometimes be difficult to navigate in the moment, the transparency behind the decisions is super helpful.

4.0
1 Jul 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Fast-paced environment, able to directly contribute to company goals Good people who genuinely believe in the mission We regularly hear customer testimonials detailing how we've had a positive impact on their lives Leadership is transparent about company performance Only 2 days a week in the office

Cons

The company performed well in 2025, but we didn't see some benefits return until this year which has caused residual frustration Smaller teams offer less growth opportunity Some mid-level leaders manage up very well Pay is okay, but not competitive with larger tech companies

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