Prosper, a wealth-tech pioneer, has announced a new crowdfunding round in partnership with Crowdcube. This presents a chance for investors to join some of the biggest names in fintech, including Tom Blomfield (founder of Monzo), Matt Cooper (co-founder of Capital One) and Phil Bungey (former COO of robo advisor Nutmeg).
Since opening for founding members last year, Prosper has grown rapidly and now offers SIPP, ISA and general investment accounts. The funding round is part of their mission to put money and power back into customers’ hands and become the first wealth brand people trust and love.
Prosper CEO Nick Perrett said: “It’s time that the people who help you with your money are motivated to keep more in your pocket, not theirs. For too long fees have been too high and hidden, with language and technology unengaging and antiquated. In today’s world I should not be being sent one piece of paper a year to understand what’s been going on with my money. Consumers deserve much better: better service, better technology and better prices. We aim to disrupt this industry and give those benefits back to our members.”
The company plans to offer some of the highest cash interest rates in the market, as well as zero-cost index funds from major asset managers such as Vanguard, Blackrock and Fidelity. They will also open up access to private market investments for high-net-worth individuals.
Supporters can invest from £118 to £500,000. This low threshold is designed to ensure that as many Prosper customers as want to can become part of the community.
Today, Prosper announced a new crowdfunding round in partnership with Crowdcube. This provides an opportunity for investors to join some of the biggest names in fintech, including Tom Blomfield, Matt Cooper and Phil Bungey.
Prosper’s mission is to put money and power back into customers’ hands, offering some of the highest cash interest rates, zero-cost index funds and access to private market investments.
CEO Nick Perrett said: “For too long fees have been too high and hidden, with language and technology unengaging and antiquated. We aim to disrupt this industry and give those benefits back to our members.”
Supporters can invest from £118 to £500,000, with the low threshold designed to ensure that as many Prosper customers as want to can be part of the community.
Investors are advised to take two minutes to learn more about the risks associated with crowdfunding, as this is a high-risk investment and they may not be protected if something goes wrong.
Prosper, a wealth-tech pioneer, has launched a new crowdfunding round in partnership with Crowdcube. This round offers investors the opportunity to join some of the biggest names in fintech, including Tom Blomfield (founder of Monzo), Matt Cooper (co-founder of Capital One) and Phil Bungey (former COO of robo advisor Nutmeg).
Since opening for founding members last year, Prosper has grown quickly, launching SIPP, ISA and general investment accounts for its members. The funding round is part of their mission to put money and power back into customers’ hands and become the first wealth brand people trust and love.
Prosper CEO Nick Perrett said: “It’s time that the people who help you with your money are motivated to keep more in your pocket, not theirs. For too long fees have been too high and hidden, with language and technology unengaging and antiquated. In today’s world I should not be being sent one piece of paper a year to understand what’s been going on with my money. Consumers deserve much better: better service, better technology and better prices. We aim to disrupt this industry and give those benefits back to our members.”
The company plans to offer some of the highest cash interest rates in the market, as well as zero-cost index funds from major asset managers such as Vanguard, Blackrock and Fidelity. They will also open up access to private market investments for high-net-worth individuals. Supporters can invest from £118 to £500,000. This low threshold is designed to ensure that as many Prosper customers as want to can become part of the community.
However, investors are advised to take two minutes to learn more about the risks associated with crowdfunding, as this is a high-risk investment and they may not be protected if something goes wrong.
Prosper, a wealth-tech pioneer, has announced a new crowdfunding round in partnership with Crowdcube. This presents a chance for investors to join some of the biggest names in fintech, including Tom Blom
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.