Prosper, a wealth-tech pioneer, has announced the opening of its crowdfunding round to the public in partnership with Crowdcube. The offer has already exceeded its £600,000 target, closing on £750,000 before it opened to the public.
CEO Nick Perrett expressed his excitement for the offer, saying “We were blown away by the incredible support of our investors. Beating our £600,000 target in just 4 hours, and now closing on £750,000 – before we’ve even opened to the public – is a fantastic endorsement of the team and proposition we have built. I’m excited now to open this offer to the public!”
The public offer presents an opportunity for investors to join some of the most recognised founders, investors and operators in fintech. Prosper’s shareholders include Tom Blomfield, founder of Monzo; Matt Cooper, cofounder of Capital One; Phil Bungey, former COO of robo advisor Nutmeg; as well as the founders of WorldFirst, Embark, Azimo, Tandem Bank, and more.
The low threshold for investing is designed to ensure as many Prosper customers as possible can take part. Supporters can invest from £118 to £500,000.
However, the company warns potential investors to be aware of the risks, saying “Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong.”
Prosper is inviting the public to join them in disrupting wealth for the next generation through investing in their crowdfunding round. To find out more, click here.
