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Lend Academy Article: Prosper Closes on a $50 Million Funding Round at a $550 Million Valuation

Lend Academy Article: Prosper Closes on a $50 Million Funding Round at a $550 Million Valuation

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FintechNews RoundupUSA
··1 min read

Last week Prosper closed their Series G, raising $50 million from an investment fund co-managed by FinEx Asia and LPG Capital based in Hong Kong; sources say the post money valuation was $550 million, approximately a 70% drop from their high in 2015; Peter Renton reflects on the investment and the current state of the market. Source