About Prosper

This startup provides financial services that offer transparent savings advice, focusing on pensions, investments, and savings accounts with clear fee structures. By simplifying the complexities of the pensions industry, it enables individuals to effectively manage their long-term wealth and maximize their savings potential.

<problem> Traditional investment platforms often have complex fee structures that are difficult for individuals to understand, potentially leading to unexpected costs and reduced returns. Many platforms also lack access to a diverse range of investment options, particularly private market funds, limiting opportunities for wealth maximization. </problem> <solution> Prosper provides a transparent financial platform that simplifies investing and saving through a range of low or no-fee products, including pensions, ISAs, and general investment accounts (GIAs). The platform offers access to a cash marketplace with accounts from multiple banks, as well as curated public market funds and, for sophisticated and high-net-worth investors, private market funds. Prosper emphasizes an index-first investment strategy, refunding costs on 30 of the world’s most popular index funds and ETFs to minimize fees and maximize potential returns. By using scalable technology and industry relationships, Prosper aims to deliver cost-effective investment, savings, and pension products with clear and upfront fee disclosures. </solution> <features> - Cash marketplace providing access to fixed-rate and notice accounts from multiple banks, with FSCS protection up to £85,000 per bank. - Self-Invested Personal Pension (SIPP) with no cost to transfer or partially transfer existing pensions and ISAs. - Stocks and Shares ISA offering access to a range of investments to grow money, with free transfers of old ISAs. - General Investment Account (GIA) for flexible, unlimited investing beyond ISA and SIPP allowances. - Access to expertly curated funds, including the Prosper Standard Fund, managed by experienced investment professionals. - Private market fund access for sophisticated and high-net-worth investors. - Fee transparency with a commitment to clearly displaying all fees before investments are made. - Mobile app for convenient account management and investment tracking. </features> <target_audience> Prosper targets individuals seeking transparent and low-cost investment and savings solutions, ranging from novice investors to sophisticated and high-net-worth individuals looking for access to diverse investment opportunities, including private markets. </target_audience>

What does Prosper do?

Where is Prosper located?

Prosper is based in London, United Kingdom.

When was Prosper founded?

Prosper was founded in 2022.

How much funding has Prosper raised?

Prosper has raised 7750000.

Location

London, United Kingdom

Founded

2022

Funding

7750000

Employees

36 employees

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Prosper

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Executive Summary

prosper.co.uk 2K+

Crunchbase

Founded 2022 – London, United Kingdom

Funding

Estimated Funding

$5M+

Team (30+)

No team information available.

Company Description

Problem

Traditional investment platforms often have complex fee structures that are difficult for individuals to understand, potentially leading to unexpected costs and reduced returns. Many platforms also lack access to a diverse range of investment options, particularly private market funds, limiting opportunities for wealth maximization.

Solution

Prosper provides a transparent financial platform that simplifies investing and saving through a range of low or no-fee products, including pensions, ISAs, and general investment accounts (GIAs). The platform offers access to a cash marketplace with accounts from multiple banks, as well as curated public market funds and, for sophisticated and high-net-worth investors, private market funds. Prosper emphasizes an index-first investment strategy, refunding costs on 30 of the world’s most popular index funds and ETFs to minimize fees and maximize potential returns. By using scalable technology and industry relationships, Prosper aims to deliver cost-effective investment, savings, and pension products with clear and upfront fee disclosures.

Features

Cash marketplace providing access to fixed-rate and notice accounts from multiple banks, with FSCS protection up to £85,000 per bank.

Self-Invested Personal Pension (SIPP) with no cost to transfer or partially transfer existing pensions and ISAs.

Stocks and Shares ISA offering access to a range of investments to grow money, with free transfers of old ISAs.

General Investment Account (GIA) for flexible, unlimited investing beyond ISA and SIPP allowances.

Access to expertly curated funds, including the Prosper Standard Fund, managed by experienced investment professionals.

Private market fund access for sophisticated and high-net-worth investors.

Fee transparency with a commitment to clearly displaying all fees before investments are made.

Mobile app for convenient account management and investment tracking.

Target Audience

Prosper targets individuals seeking transparent and low-cost investment and savings solutions, ranging from novice investors to sophisticated and high-net-worth individuals looking for access to diverse investment opportunities, including private markets.