San Francisco-based peer-to-peer (P2P) lending marketplace Prosper has announced $25 million in private equity funding, TechCrunch reported on September 24.
The capital was provided by BlackRock and Sequoia. The company plans to use the funds to accelerate its growth. Prosper says that more than $630 million in loans have been made through its service since it was founded in 2006.
To learn more about the company’s past funding and future strategies, click here.
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