Paul Hazen Joins Prosper's Board of Directors

"Paul brings an incredible wealth of knowledge and wisdom to Prosper," said Chris Larsen, Chief Executive Officer and co-founder of Prosper. "With over three decades of leadership and financial services industry experience, Paul will be instrumental as we continue to grow and develop as a company."

"Prosper is an exciting response to an inefficient market for consumer credit, and I believe its future potential is unlimited," said Paul Hazen. "I hope my background, experience and knowledge will help build the company, serve its customers, and enhance the success Prosper will enjoy."

After a 30-year career with Wells Fargo & Co., Paul Hazen retired in 2001 as the company's Chairman and Chief Executive Officer. Currently, Mr. Hazen serves as Director and Chairman of KKR Financial and Accel-KKR, and as Senior Advisor to KKR. In addition, Mr. Hazen serves as Deputy Chairman and Director of Vodafone, Plc., Lead Director of Safeway, Inc., and Director of Xstrata Plc. and Willis Group Ltd.

Mr. Hazen attended Amherst College and earned a B.S. in Finance from the University of Arizona and an M.B.A. from the University of California at Berkeley.

Other members of Prosper's Board of Directors include Jim Breyer of Accel Partners, Larry Cheng of Fidelity Ventures, and Bob Kagle of Benchmark Capital.