Prosper Marketplace has added David Kimball, formerly of both USAA Federal Savings Bank and Ford Motor Credit Co. to its C-Suite, the company announced yesterday.
Effective March 18th, Kimball will serve as chief financial officer for the marketplace lender.
Kimball brings with him two decades of financial service experience, according to a company press release, including nine years served at USAA, most recently as senior financial officer. Prior to USAA, Kimball spent ten years at Ford Motor Co. and Ford Credit “working on their securitization programs, debt issuance, and a variety of FP&A positions,” according to the release.
“David has a unique combination of relevant experience in capital markets, including securitization and other types of debt issuance, as well as an expertise in line of business pricing and profitability management, all of which will be a huge asset to our company as we look to the future,” Prosper’s Chief Executive Aaron Vermut said in the statement.
Prosper typically extends three-year or five-year personal loans to borrowers with a minimum credit score of 640. Customers then have an option to indicate the purpose of taking out the loan — including car financing.
Demand for auto and powersport financing — from both borrowers and investors — is growing at Prosper, President Ron Suber told Auto Finance News previously.
“I would say that auto, motorcycle, and RV are all on the rise,” Suber said, noting that the company is more active in the used space.
