# Prosper Collaborates with Crowdcube on Innovative Crowdfunding Initiative
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Chapter 1: Overview of the Initiative
Prosper, a leader in wealth technology, has announced a new crowdfunding effort in collaboration with Crowdcube. This initiative opens the door for investors to engage alongside some of the most esteemed founders, investors, and operators in the fintech sector.
In this round, investors will join a network that includes notable figures such as Tom Blomfield, the founder of Monzo; Matt Cooper, co-founder of Capital One; and Phil Bungey, former COO of Nutmeg. The initiative also boasts backing from the founders of renowned fintech companies like WorldFirst, Embark, Azimo, and Tandem Bank.
Chapter 2: Growth and Community Engagement
Since launching for founding members just a few months back, Prosper has experienced rapid growth, introducing SIPP, ISA, and general investment accounts. This funding round is an invitation for customers to participate in redefining wealth management, empowering them by shifting financial control back into their hands.
Supporters have the chance to invest anywhere from £118 to £500,000. This low entry point is strategically designed to include as many Prosper customers as possible in the community they are building to transform wealth for future generations.
Section 2.1: Prosper’s Customer Champion Proposition
Prosper's approach to customer advocacy is anchored in three fundamental principles:
- Competitive Cash Interest Rates: Prosper aims to offer some of the most attractive cash interest rates in the marketplace, ensuring transparency by clearly detailing potential earnings. Members will receive regular updates on rate changes, enabling them to take advantage of better opportunities as they arise, irrespective of the underlying bank.
- Zero-Cost Index Funds from Top Asset Managers: The company has already launched zero-cost index funds in partnership with industry giants like Vanguard, BlackRock, and Fidelity. By treating certain assets as near commodities, Prosper eliminates fees, maximizing financial advantages for its members.
- Access to Private Market Investments: In pursuit of higher returns, Prosper will provide access to private market investments, initially targeted at sophisticated, high-net-worth individuals. These investments are expected to yield better outcomes than public market options, and they are essential for constructing a forward-looking portfolio, especially as more companies choose to remain private for longer periods.
Subsection 2.1.1: CEO’s Vision
Nick Perrett, CEO of Prosper, expressed his vision for the future: "It's time that the people who help you with your money are motivated to keep more in your pocket, not theirs. For too long, fees have been excessively high and hidden, with outdated language and technology. In today’s world, I shouldn’t receive just one piece of paper a year to track my financial situation. Consumers deserve superior service, advanced technology, and better pricing. We intend to revolutionize this industry and return these benefits to our members."
Chapter 3: Join the Movement
For those interested in being part of this exciting initiative, subscribe to DDIntel for more insights. If you have a unique story to share, consider submitting it to DDIntel as well.
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