Prosper names Kunal Kaul executive vice-president of operations

Prosper Marketplace has hired longtime Capital One executive Kunal Kaul as its Executive Vice President of Operations. Mr. Kaul, who will report to COO Josh Tonderys, is charged with developing verification practices, business operations, collections and customer service.

Kunal Kaul

Kunal Kaul

Mr. Tonderys said Mr. Kaul’s contributions will help Prosper reach some lofty goals in 2016.

“Kunal’s experience across all aspects of consumer credit at Capital One — from delivering an amazing customer experience to underwriting and credit policy, to collections and recoveries — is immensely relevant to our business. With plans to double our business again next year, we are focused on bringing in experts from across the financial services and technology industries to help us execute on our mission of enhancing financial well-being for our customers.”

After joining Capital One as a Senior Product Manager in July, 2002, Mr. Kaul progressed through positions involving unsecured and home equity lending, home loan originations and retail bank mortgages.