Prosper, a customer-championing business in the world of saving and investing, has today announced it has hit 130% of its funding target, raising over £785,000 in its crowdfund.
The company has been backed by some of the biggest names in fintech, including Tom Blomfield, the founder and former CEO of digital bank Monzo. Blomfield said: “The crowdfunding community was vital to Monzo’s growth and helped us engage with our early users. Like Monzo, Prosper is a customer champion brand shaking up the wealth industry. As I invested in Prosper, it became clear that speaking to the community would also play a part in their journey. It’s only the beginning, but I’m excited to help more people prosper!”
Monzo’s first crowdfunding campaign raised just under £1m at a £30m valuation, with its current valuation standing at “around £4 billion”, according to Sky News. With a week of its own crowdfund still to go, Prosper has already closed in on Monzo’s original raise achievement.
Speaking on the success, Prosper founder and CEO Nick Perrett said: “We’ve been blown away by the demand we’ve seen from our community. It’s a testament to the value we can create building a customer-championing business in the world of saving and investing.”
While Prosper has seen an impressive response from the crowdfunding community, investors are reminded that this is a high-risk investment and they are unlikely to be protected should something go wrong.
