Prosper Invites Public to Disrupt Wealth Industry in Favour of the Customer with Early Access to Crowdfunding

Last Updated on: 22nd November 2023, 04:33 am

Prosper, a wealth-tech pioneer, is launching a crowdfunding round in partnership with Crowdcube, giving customers the opportunity to join in its mission of changing the way wealth works.

The round has received backing from some of the most recognised founders, investors and operators in fintech, including Tom Blomfield, founder of Monzo; Matt Cooper, co-founder of Capital One; Phil Bungey, former COO of robo advisor Nutmeg; and the founders of WorldFirst, Embark, Azimo, and Tandem Bank.

Since opening for founding members just a few months ago, Prosper has grown quickly, offering SIPP, ISA and general investment accounts.

The company has outlined three customer champion pillars. Firstly, it will offer some of the highest cash interest rates in the market, keeping customers up to date with rate changes. Secondly, it has already gone live with zero-cost index funds from major asset managers such as Vanguard, Blackrock and Fidelity. Lastly, it will open up access to private market investments, initially for sophisticated, high-net-worth individuals, with the potential to outperform public market alternatives.

Nick Perrett, CEO of Prosper, said: “It’s time that the people who help you with your money are motivated to keep more in your pocket, not theirs. We aim to disrupt this industry and give those benefits back to our members.”

The crowdfunding round has a low threshold of £118 to £500,000 for supporters to invest.

Crowdfunding risk warning: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Prosper is inviting customers to join in its mission to disrupt wealth for the next generation via early access here: https://www.crowdcube.com/early-access/prospersavingslimited.

On Tuesday 21 November, 2023, Prosper, a wealth-tech pioneer, announced a crowdfunding round in partnership with Crowdcube, giving customers the opportunity to join the mission of changing the way wealth works.

The round has been backed by some of the most recognised names in fintech, including Tom Blomfield, founder of Monzo; Matt Cooper, co-founder of Capital One; Phil Bungey, former COO of robo advisor Nutmeg; and the founders of WorldFirst, Embark, Azimo, and Tandem Bank.

Since its opening for founding members a few months ago, Prosper has grown quickly, launching SIPP, ISA and general investment accounts. The company has outlined three customer champion pillars – offering some of the highest cash interest rates in the market, providing zero-cost index funds from major asset managers, and opening up access to private market investments for sophisticated, high-net-worth individuals.

Nick Perrett, CEO of Prosper, said: “It’s time that the people who help you with your money are motivated to keep more in your pocket, not theirs. We aim to disrupt this industry and give those benefits back to our members.”

The crowdfunding round, with a low threshold of £118 to £500,000, is designed to ensure that as many Prosper customers as want to can be part of the community.

However, Crowdfunding is a high risk investment and investors are unlikely to be protected if something goes wrong. Take 2 mins to learn more before investing.

Prosper is inviting customers to join in its mission to disrupt wealth for the next generation via early access here: https://www.crowdcube.com/early-access/prospersavingslimited.

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