Wealthtech Prosper is celebrating a successful crowdfunding. It made its crowdfunding round open to the public on Crowdcube and raised its target of £600,000 in only four hours. It has now raised over £785,000 with the figure continuing to grow.
Supporters can contribute sums from £118 to £500,000. It says that it has set the threshold as low so “as many Prosper customers as possible can be part of the community disrupting wealth for the next generation”.
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Prosper backers include Tom Blomfield, the founder and former CEO of digital bank Monzo. Blomfield said: “The crowdfunding community was vital to Monzo’s growth. It 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. Today, that valuation stands at around £4bn. With a week of its own crowdfund still to go, Prosper hopes to build on that success.
“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,” said founder and CEO Nick Perrett.
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By GlobalData
