Babson Magazine

Summer 2014

News, Notes + Nods

Undergraduate

Stephan Vermut has been appointed executive chairman of Prosper Marketplace and its wholly owned subsidiary, Prosper Funding. Previously, he was CEO. Prosper is a peer-to-peer lending marketplace that allows borrowers to list loan requests between $2,000 and $35,000; individual lenders can invest as little as $25 in each listing.