Prosper, a Peer-to-Peer Lender, Raises $70 Million
As peer-to-peer lending — in which borrowers connect with lenders directly online — takes off, one of the biggest players in the field is taking advantage by raising more money.
Prosper plans to announce on Monday that it has raised $70 million in a new fundraising round, one led by the investment firm Francisco Partners. Two other venture capital firms, Institutional Venture Partners and Phenomen Partners, also participated.
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