Prosper Marketplace, a pioneering online lender that has struggled recently, has hired a former USAA executive as its chief financial officer.

Usama Ashraf will oversee Prosper’s finance activities and its capital markets function, the San Francisco company said in a press release Wednesday.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.