Lend Academy Article: Prosper Finally Closes Their Big $5bn Deal

Prosper has announced a funding deal which has been in development since August; the firm has received an investment commitment for $5 billion over the next two years from a consortium of investors including affiliates of New Residential Investment Corp., Jefferies Group LLC, Third Point LLC and an entity of which Soros Fund Management LLC is the principal investment manager; the consortium is also being offered an equity stake which could account for as much as 35% ownership in the company and is expected to help promote a long term business relationship; the committed investment will represent a substantial increase for the firm which is likely to report approximately $2.2 billion in loan originations for 2016.  Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]