Prosper Raises Over £1,000,000 in Crowdfunding Just One Month After Launch

Last Updated on: 14th December 2023, 08:40 am

Prosper, the wealthtech platform, has closed its first crowdfunding campaign, successfully raising over £1 million and topping up the £3.2 million already invested by high-profile fintech angels. The campaign was founded by fintech entrepreneurs Ricky Knox, Nick Perrett, and Phil Bungey, who previously built businesses such as Nutmeg and Tandem Bank.

The round raised a total of £1.02 million, 170% over its target of £600,000, which was hit in just four hours. Over 400 investors contributed to the round, with an average investment of £2.5k per investor, more than double the investments of other recent fintech Crowdfunds.

Commenting on the success of the campaign, Prosper CEO and founder Nick Perrett said: “Having launched the company only last month, to get such amazing momentum and a fantastic set of new shareholders is a true endorsement. We can now deliver on our mission of maximising the potential wealth of our members from a position of strength.”

The round was supported by leading fintech figures including Tom Blomfield, Charles Delingpole, and Matt Cooper. These investors join Prosper’s mission to maximise its members’ potential wealth by offering among the highest cash interest rates in the market, zero-fee index funds and access to private market investments with the potential to offer higher returns.

As part of their pre-seed round, Prosper hopes to help people maximise their cash interest rate and open up alternative investments in 2024.

Nick Perrett concluded: “Having shipped ISA, GIA and SIPP accounts with access to zero fee index funds this year, we are excited to start helping people maximise their cash interest rate and open up alternative investments in 2024.”

Prosper, the wealthtech platform, has closed a successful crowdfunding campaign, raising over £1 million and attracting investments from high-profile fintech figures including Tom Blomfield, Charles Delingpole, and Matt Cooper. The round was 170% oversubscribed, hitting its £600,000 target in just four hours and raising a total of £1.02 million.

Commenting on the accomplishment, Prosper CEO and founder Nick Perrett said: “Having launched the company only last month, to get such amazing momentum and a fantastic set of new shareholders is a true endorsement. We can now deliver on our mission of maximising the potential wealth of our members from a position of strength.”

Prosper’s mission is to maximize its members’ potential wealth by offering among the highest cash interest rates in the market, zero-fee index funds and access to private market investments with the potential to offer higher returns. The platform is set to help people maximize their cash interest rate and open up alternative investments in 2024.

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