Tagged: prosper

February 4, 2025 @ 10:13 pm By Omar Faridi  |  

Fuel Ventures, a UK venture capital firm, announced its investment of £2 million in Prosper, a wealth management platform targeting high net worth individuals that is shaking up the way wealth is managed by unlocking access to private markets and leveraging AI. The investment round… Read More

December 15, 2024 @ 9:30 am By Michael Wong  |  

Decentralized Bitcoin mining protocol Prosper has acquired over 7,000 ASIC miners from BITMAIN and completed a strategic funding round backed by Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, according to an announcement. The acquisitions and funding aim to expand Prosper’s institutional-grade Bitcoin hashrate capacity… Read More

June 17, 2024 @ 7:30 am By Omar Faridi  |  

Prosper, the savings and investments wealthtech founded by Nick Perrett and Ricky Knox, formerly of Tandem Bank, has reached its £800,000 Crowdcube target before launching to the public. Nick Perrett, Prosper’s CEO said: “We have been overwhelmed by the early show of support in the… Read More

June 4, 2024 @ 2:55 pm By Omar Faridi  |  

Founded by Nick Perrett of digital bank Tandem, Ricky Knox of Tandem and Azimo, and Phil Bungey of Nutmeg, new WealthTech platform Prosper is offering an alternative to how people save and invest. Where other FinTechs have transformed payments, currency exchange and banking, Prosper is… Read More

November 29, 2023 @ 9:40 am By JD Alois  |  

Investment platform Prosper has topped £700,000 on Crowdcube in a securities offering that is raising growth capital at a pre-money valuation of £12,135,385. According to the offering page, The EIS-qualified equity offering has received the backing of 197 investors. The per-share price is £29.50 with… Read More

November 22, 2023 @ 11:04 am By JD Alois  |  

Prosper, a UK Wealthtech that aims to improve investment offerings for the mass affluent has opened up a funding round on Crowdcube. In a release, Prosper CEO Nick Perrett stated: “It’s time that the people who help you with your money are motivated to keep… Read More

November 8, 2023 @ 9:04 am By JD Alois  |  

Prosper, a Wealthtech providing services in partnership with RiskSave Technologies Limited, which is authorized and regulated by the Financial Conduct Authority, has raised £3.2 million in “Angel” funding, according to a company statement. Prosper, not to be confused with the US-based platform, was founded by… Read More

November 29, 2022 @ 12:25 pm By Omar Faridi  |  

The team at Prosper notes that they’re sharing performance data from the Prosper Portfolio for October 2022. Highlights from the Prosper Performance Update – October 2022: Dollar % of AA-B rated loan originations in October comprised approximately 63% of total loan originations, representing a 102… Read More

November 18, 2022 @ 12:23 pm By Omar Faridi  |  

Prosper Marketplace, which claims to be the “first” peer-to-peer lending platform in the United States, announced the closing of a new $75 million financing “from a fund managed by Neuberger Berman.” This capital enables Prosper “to meet strong consumer demand for its personal loan, credit… Read More

October 31, 2022 @ 1:47 pm By Omar Faridi  |  

Prosper Marketplace announced access to a new fixed-rate Home Equity Loan (HELoan) product for its customers in select US markets, “following the lending platform’s strong performance in personal loan origination last quarter.” This new product “complements Prosper’s suite of home equity products and resources and… Read More

August 16, 2022 @ 12:07 pm By Omar Faridi  |  

The team at Prosper has shared their performance data from the Prosper Portfolio for July 2022. Highlights from the Prosper Performance Update – July 2022 are as follows: In July, approximately 59% of loan originations “were rated AA-B, increasing by approximately 1.6% month-over-month.” Average loan… Read More

July 19, 2022 @ 2:26 pm By Omar Faridi  |  

Prosper recently shared their performance data from the Prosper Portfolio for June 2022. Highlights from the Prosper Performance Update – June 2022 are as follows: In June, approximately 57% of loan originations “were rated AA-B, remaining stable month-over-month.” The average loan size in June “decreased… Read More

June 15, 2022 @ 10:50 pm By Omar Faridi  |  

The team at Prosper recently shared their performance data from the Prosper Portfolio for May 2022. Highlights from the Prosper Performance Update – May 2022 are as follows: In May, approximately 58% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size… Read More

May 28, 2022 @ 7:37 pm By Omar Faridi  |  

The team at Prosper recently shared their performance data from the Prosper Portfolio for April 2022. Highlights from the Prosper Performance Update – April 2022 are as follows: In April, approximately 56% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size in… Read More

May 2, 2022 @ 10:07 pm By Omar Faridi  |  

The team at Prosper has shared their platform’s Performance Update for March 2022. Haiyan Huang from Prosper notes that in March 2022, approximately 55% of loan originations “were rated AA- B, remaining stable month-over-month.” And the average loan size in March “decreased by approximately 4% month-over-month.”… Read More

February 18, 2022 @ 8:01 am By Omar Faridi  |  

The team at Prosper has shared their platform’s Performance Update for January 2022. Haiyan Huang from Prosper notes that in January 2022, approximately 57% of loan originations “were rated AA-B.” The company further noted that the average loan size in January “increased by 4% month-over-month.”… Read More

February 15, 2022 @ 6:06 am By Omar Faridi  |  

Alto Solutions, Inc., the self-directed IRA platform making it easy and affordable for individuals to invest in alternative assets via tax-advantaged retirement funds, has announced the company’s partnership with Prosper Marketplace, Inc., an online marketplace for consumer loans. Users of the Alto IRA platform may… Read More

January 16, 2022 @ 7:00 pm By Omar Faridi  |  

Haiyan Huang from marketplace lender Prosper has shared the platform’s latest performance data from the Prosper Portfolio for December 2021. In an update from Prosper, dated January 15, 2021, the firm has shared key highlights from the report as follows: Performance Update In December 2021,… Read More

December 16, 2021 @ 11:43 pm By Omar Faridi  |  

Haiyan Huang from marketplace lender Prosper has shared performance data from the Prosper Portfolio for November 2021. Here are the key highlights (shared by Prosper) from the report. Performance Update In November 2021, around 62% of loan originations “were rated AA-B.” Average loan size “decreased… Read More

October 17, 2021 @ 11:51 am By Omar Faridi  |  

Prosper, a marketplace lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of September 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated October 15,… Read More