Prosper funding news – London-based Prosper Secures £4M in Funding

Sixty professional athletes from The Players Fund, including Ben Stokes, Jos Buttler, Dame Jess Ennis-Hill, and Cody Gakpo, also invested.
Prosper plans to use the investment to grow its customer base, launch private market investments, and expand its AI product.

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This funding follows Prosper's earlier angel round, supported by investors from companies like Monzo, Capital One, and Andreessen Horowitz.

Ricky Knox, Chairman and Co-Founder of Prosper, says, “We are thrilled to close our latest investment round and have the likes of Fuel Ventures join us on this journey to reshape wealth management. Their belief in our mission to revolutionise wealth management in favour of the customer is critical at this stage of our growth. With this investment, we’re excited to expand our AI-driven solutions to serve even more clients and deliver exceptional value.”

Fuel Ventures focuses on supporting fast-growing digital and tech businesses, including e-commerce, platforms, and software companies. It invests in companies with strong founders, global growth potential, and large market opportunities.

The firm manages over £200M in assets and invests annually in 12-15 seed and growth-stage companies, as well as over 30 early-stage and pre-seed startups from its emerging fund.

Mark Pearson, founder of Fuel Ventures, comments,“Prosper stands out as a truly innovative player in the wealth management space. Their use of AI to provide tailored financial help for clients at scale addresses a significant market need. Nick, Ricky and the Prosper team are already making huge waves in the finance industry and we look forward to seeing how they continue to redefine how wealth management services are delivered in 2025.”

Nick Perrett, CEO and Co-Founder of Prosper, adds, “For far too long we have had a rough deal from wealth managers: high fees, or worse still hidden fees, companies that incentivise their people to sell products rather than giving us the help we need, and managing this entire process with painful PDFs and old fashioned technology.”

About Prosper

Prosper, based in London, is a wealth management platform that uses AI to help people grow their long-term wealth. Founded by Nick Perrett, it offers pensions, investments, and savings with low and clear fees.

Members can access competitive cash savings and 30 index funds from top asset managers, without any platform or transaction fees. The company keeps its team small to ensure good value for its members.