Prosper, a London-based company, has recently raised £3.2M in Angel funding to further develop its wealth-tech platform. Founded by Nick Perrett, CEO of digital bank Tandem, along with Ricky Knox from Tandem and Azimo, and Phil Bungey from Nutmeg, Prosper offers access to zero-cost index funds and alternative private market investments. The funding round saw participation from prominent industry leaders including Tom Blomfield from Monzo, Matt Cooper from Capital One, and representatives from World First, Tandem, Azimo, Embark, Comply Advantage, Connect, MMC, and Portfolio Ventures. With this new capital injection, Prosper aims to expand its operations and enhance its business reach.
Prosper's wealth-tech platform is designed to provide individuals with an opportunity to invest in zero-cost index funds from major asset managers.
Additionally, it offers access to alternative private market investments, granting investors greater diversity and potential returns. The company operates as an appointed representative of RiskSave Technologies Limited, which holds authorization and regulation from the Financial Conduct Authority (FCA) under the number 775330. This regulatory oversight ensures that Prosper adheres to the necessary standards and safeguards for its customers' financial security.
The participation of notable industry figures in Prosper's Angel funding round highlights the company's potential and promising future. With individuals such as Tom Blomfield from Monzo and Matt Cooper from Capital One backing the company, it not only confirms Prosper's value proposition but also positions it as a formidable player in the wealth-tech sector. As Prosper continues to expand its operations, this financial backing will allow the company to reach a wider audience and solidify its position as a leader in providing accessible and affordable investment options to individuals.