Prosper Receives Patent on Marketing and Delivery of Financial Coaching Model

June 22, 2011
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[As seen on Yahoo! Finance, Boston.com, Morningstar & NY Daily News]

Released By Prosper

Prosper, a leader in one-on-one coaching, announced today that the U.S. Patent and Trademark Office granted the company a patent protecting its process for marketing and delivering its financial coaching services.

The patent will protect Prosper’s unique method for attracting potential students who are qualified candidates for the financial coaching program and how those coaching sessions are then supplied after a student’s enrollment.

“A key differentiator of the Prosper model is our ability to find people who will not only benefit from our program, but who are also most likely to excel,” said Prosper CEO and co-founder Ethan Willis. “Receiving this patent further positions Prosper as a leader in the distance education industry and ensures that Prosper will be able to continue to match the right student with the right program,” Willis said.

To receive a U.S. patent, a company must demonstrate a unique process or design. Then, the U.S. Patent and Trademark Office examines the application to determine if the content is an original thought or process. The patent gives Prosper exclusive rights to the coaching model it has in place, proving that it is an ideal partner for authors and content providers as well as students seeking the most advanced one-on-one coaching offered.

“A patent on our coaching system not only benefits Prosper and its employees, but it also assures our business partners and students that they are working with a front-runner in the industry,” said Prosper Executive Vice President of Strategic Partnerships and co-founder Randy Garn. “This patent will further separate Prosper as the most mature and trustworthy source of one-on-one personal coaching.”

About Prosper

Prosper offers one-on-one customized education programs that help students realize their potential and achieve greater wealth. Prosper currently focuses its offerings on real estate and stock market investing, entrepreneurship, e-commerce, personal development, and personal finance. For more information about Prosper visit www.prospering.com.