Prosper, a wealth platform catering to high-net-worth individuals, has recently announced securing a whopping £4 million in funding, led by Fuel Ventures. The platform aims to revolutionize the investment landscape through its AI-powered technology.
Having already managed over £200 million in assets, Prosper is determined to disrupt traditional wealth management practices. Its innovative AI features offer a deeper understanding of portfolios and support decision-making, along with access to exclusive private market investments. In addition, the platform prides itself on providing a seamless and customer-centric experience.
“Our mission is to eliminate hidden fees, cumbersome PDFs, and financial advice that primarily benefits the seller rather than the client,” says CEO and Co-Founder Nick Perrett. “Prosper aims to change the game by offering smarter, fairer, and more transparent ways for individuals to grow their wealth.”
In addition to Fuel Ventures, 60 professional sportspeople from The Players Fund have also invested in Prosper’s funding round. These include renowned names such as England cricket captains Ben Stokes and Jos Buttler, Olympic and world champions Dame Jess Ennis-Hill and Dame Sarah Storey, gold medal cyclist Tom Pidcock, and footballers Ben White and Serge Gnabry from Arsenal and Bayern Munich, respectively.
Liverpool footballer Cody Gakpo has also directly invested in the round, further solidifying Prosper’s appeal to those who understand the value of intelligent financial management.
With the backing of prominent figures from Monzo, Capital One, and Admiral, as well as top fintech investors, Prosper is on a mission to make wealth work harder for everyone. However, it is essential to note that investments on the platform carry a certain level of risk and can potentially decrease in value.
In conclusion, Prosper’s recent funding round and backing from prominent names in the sports and fintech industries highlight the platform’s potential to revolutionize wealth management through its AI-powered technology and customer-centric approach.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.