U.S. peer-to-peer lending platform Prosper announced it has selected David Kimball to take the seat of Macy Lee, who served as the company’s CFO from April 2014 until July of 2015. Kimball most recently held a position as a senior financial officer at USAA. Prior to that, he worked at Ford Motor Company where he held multiple finance-related roles. Kimball, a graduate of Brigham Young University, will begin working at Prosper on March 18.

This news comes about a month after the California-based company announced it raised its rates to keep up with both the Federal Reserve, which raised the benchmark rate by 25 basis points in December and its main competitor, Lending Club, which increased rates by an average of the same amount as the Fed.

Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007.