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Thursday, July 18, 2024

Prosper Revolutionises Wealth Management with Crowdfunding Campaign, Paving the Way for Customer-Centric Finance

Wealth-tech Pioneer Prosper Partners with Crowdcube, Offering Public a Stake Alongside Fintech Titans in Disrupting Traditional Wealth Models

In a bold move to reshape the landscape of the wealth industry, Prosper, a trailblazing wealth-tech firm, has announced early access to its crowdfunding campaign, inviting the public to join a movement aimed at putting financial control back into the hands of customers.

Nick Perrett
Nick Perrett

Partnering with Crowdcube, Prosper’s latest crowdfunding round is not just an investment opportunity but a chance for individuals to stand alongside some of the most prominent founders, investors, and operators in fintech. The roster of Prosper’s current shareholders includes notable figures such as Tom Blomfield, Monzo’s founder; Matt Cooper, co-founder of Capital One; and Phil Bungey, former COO of robo-advisor Nutmeg, alongside founders of renowned fintech firms like WorldFirst, Embark, Azimo, Tandem Bank, and others.

Since opening its doors to founding members a few months ago, Prosper has experienced rapid growth, introducing Self-Invested Personal Pension (SIPP), Individual Savings Account (ISA), and general investment accounts. The ongoing funding round offers customers an opportunity to be part of Prosper’s vision, disrupting the traditional wealth industry and becoming the first wealth brand built on trust and love.

Prosper’s Three-Pronged Customer-Centric Approach:

  1. Highest Cash Interest Rates: Prosper is set to provide some of the highest cash interest rates in the market, ensuring transparency for users regarding potential earnings. The platform commits to keeping members informed of rate changes, ensuring they do not miss out on better deals, regardless of the underlying bank.
  2. Zero-Cost Index Funds: Already live with zero-cost index funds from major asset managers such as Vanguard, Blackrock, and Fidelity, Prosper aims to eliminate charges for certain assets, maximizing returns for its members.
  3. Access to Private Market Investments: Prosper plans to provide access to private market investments initially for sophisticated, high-net-worth individuals, emphasizing their potential to outperform public market alternatives and form a crucial part of future-century portfolios.

Nick Perrett, CEO of Prosper, stated, “It’s time that the people who help you with your money are motivated to keep more in your pocket, not theirs.” Perrett highlighted the longstanding issues of high, hidden fees and outdated technology in the industry, emphasizing Prosper’s commitment to disrupting the wealth management sector and returning benefits to its members.

Prosper encourages supporters to invest in the crowdfunding campaign, with investment options ranging from £118 to £500,000. The low threshold aims to ensure broad community participation, allowing as many Prosper customers as possible to be part of the movement to disrupt wealth for the next generation.

Individuals interested in joining Prosper’s revolutionary initiative can sign up for early access here.

Cautionary Note:
Prosper issues a crowdfunding risk warning, advising potential investors to be prepared for the high-risk nature of this investment and acknowledging the unlikely protection in case of unforeseen challenges. Interested parties are urged to take two minutes to learn more.

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