Prosper, a wealth management platform targeting high-net-worth individuals, has secured a £4 million investment round led by Fuel Ventures, with participation from existing investors. Fuel Ventures contributed £2 million to support Prosper’s mission of transforming wealth management by unlocking access to private markets and leveraging AI.
The platform, which has over £200 million in assets under administration, is at the forefront of transforming wealth management by combining innovative technology with expert financial insights. With this investment, Prosper intends to rapidly scale its customer base, launch its private market investment offering and build out its AI product.
By leveraging AI, the platform aims to revolutionise their customer experience and diversify customer investments, leading to higher potential returns.
This latest funding follows Prosper’s initial angel round, which saw support from an impressive roster of investors, including founders of Monzo, Capital One, World First, Tandem, Azimo, Embark, Comply Advantage, as well as institutional angel investments from Silicon Valley firm Andreessen Horowitz (A16Z), Connect Ventures, MMC Ventures, and Portfolio Ventures.
With the backing of prominent investors and a proven fintech team previously behind businesses such as Nutmeg and Tandem Bank, Prosper is poised to set a new standard in high-net-worth wealth management.
