a year ago

UK Wealthtech Prosper Raises £1m in Crowdfunding Round

  • Prosper, a UK wealthtech startup backed by Monzo co-founder Tom Blomfield, is looking to raise £1m via crowdfunding on Crowdcube

  • The company was founded in 2020 by former Tandem executives Ricky Knox and Nick Perrett, along with former Nutmeg COO Phil Bungey

  • It aims to disrupt the wealth management sector by offering lower fees and a more tech-focused approach

  • Prosper has raised £7.9m in total and has around 500 customers

  • The funds from the raise will be used to bring access to private markets in the Prosper app for its users.

    • ProblemFinancial Services

      "Wealth management is expensive, with high fees charged by legacy players."

      Solution

      "Prosper offers wealth management services with lower fees and a more tech-focused approach, including investments in public market index funds, SIPPs, and ISA wrappers."

      Covered on