The Tech Revolution Has Arrived For Alternative Lending

Online and marketplace lenders raise capital through their platforms and other sources, providing liquidity to a somewhat illiquid market, Bechtel said. Nonbank lenders act like traditional lending sources, underwriting, funding and servicing the loans.Powered by...

Prosper Raises $50M in Series G Funding

Prosper, a San Francisco, CA-based marketplace lending platform for consumer loans, raised $50m in Series G funding. A fund co-managed by FinEX Asia made the investment, which brings total equity raised to $410m to date. The company intends to use the …Powered...

Prosper Announces $50 Million Series G Investment

SAN FRANCISCO–(BUSINESS WIRE)–Prosper, a leading marketplace lending platform for consumer loans, today announced a $50 million investment from an investment fund co-managed by FinEX Asia. The Series G investment, which brings Prosper’s total equity...