Automated Loan Management System for Prosper P2P

The client teamed up with Avenga to automate and improve its Prosper peer-to-peer lending experience. By building a custom loan management system, we replaced manual review processes with streamlined automation. The result: faster approvals, fewer operational hurdles, and a more user-friendly experience for over a million borrowers.

April 30, 2025 2 min read

Client Prosper
Industry BFSI
Service Software development
Technologies Microsoft

90%

replaced manual reviews with a new automated loan management system.
100%

Simplified user experience with streamlined the application process, helping Prosper scale to millions of borrowers.

Introduction

Prosper P2P is one of the first peer-to-peer lending marketplaces in the United States. The company offers various financial services focusing on personal loans, credit cards, and home equity lines of credit. Since its inception, Prosper has facilitated more than $23 billion in loans to more than 1,4 million clients.

90%

replaced manual reviews with a new automated loan management system.
100%

Simplified user experience with streamlined the application process, helping Prosper scale to millions of borrowers.

Challenge

Prosper’s goal was to make the loan application and approval process as simple as possible. It should allow borrowers to apply for a loan by simply entering a few pieces of information. The request would be approved within hours, improving and optimizing the improved lending experience, making it completely different from that of traditional banks.

Solution

Results

Faster loan granting, thanks to an automated loan management system.

Reduction in cost over domestic engineering rates.

Prosper and Avenga continue to work together to enhance the application as a core business layer to make it more attractive for users and easy to use.