Prosper Gets $70 Million in New Funding

While I am disappointed that I could not make it to the LendIt Conference this year, there is some great news to report from there.

According to PE Hub, and confirmed by Prosper President Ron Suber, Prosper has gotten some additional funding of $70 million.  The press release from PE Hub is right here.

http://www.pehub.com/2014/05/peer-to-peer-lending-site-propser-bulks-up-with-70-mln-round/

3 private equity groups including Francisco Partners, Institutional Venture Partners, and Phenomen Ventures have put together the round of $70 million of additional financing.

 

More and more money is going into peer lending platforms. More legitimacy, more street credibility, more access and more acceptance.  Things are good in the peer lending world.

 

About the author

Stu Stu Lustman, the author of this post, is a Credit Analyst by trade trying to bring Commercial Credit Analysis techniques to the world of Peer to Peer Lending. Check me out on Twitter, LinkedIn and Google+

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