Fuel Ventures, one of the leading venture capital companies in the VK, has led a £ 4 million financing round in Prosper, a high -quality asset management platform that combines advanced AI with expert financial insights.
Fuel companies contributed £ 2 million of the total round, which also saw participation of existing investors.
Prosper, which already has more than £ 200 million in assets under administration, intends to use this capital to scale up its customer base, to launch its private market investment offer and to accelerate the development of its AI-driven solutions. By using AI, the company wants to provide a highly personalized customer experience and diversify the portfolios of customers, which may lead to a stronger long -term returns.
This round follows an earlier angel investment that caused an impressive Roster of Backers, including the founders of Monzo, Capital One, World First, Tandem, Azimo and Beard, together with Institutional Investments from Silicon Valley’s Andreessen Horowitz (A16Z), connects, Mmc, Ventures and portfolio ventures. The founder of Prosper comprises veterans of fintech companies such as Nootmeg and Tandem Bank.
Speaking of the investment, said Mark Pearson, founder of Fuel Ventures: “Prosper distinguishes himself as a truly innovative player in the space for asset management. Their use of AI to offer tailor -made financial assistance to customers on a scale has a considerable market needs. Nick, Ricky and the Prosper team are already making huge waves in the financial industry and we look forward to seeing how they continue to redefine how the services of the asset management are delivered in 2025. “
Ricky Knox, chairman and co-founder of Prosper, added: “We are pleased to make our latest investment round and to participate in the will of Fuel Ventures on this trip to reform wealth management. Their conviction in our mission to bring about a revolution in asset management in favor of the customer is so important to us. With this investment we are pleased to expand our AI-driven solutions to serve even more customers and to deliver exceptional value. “
With the support of fuel companies, Prosper is ready to set a new standard in asset management, and offers a modern alternative to Hoognet -Wered customers who are looking for technology -driven services and transparent investment strategies.