“Can a fee-transparent, multi-product wealth super-app aggregating savings, ISAs, pensions and investments displace incumbent UK platforms?”
Prosper is a UK FCA-authorised wealth platform aggregating savings, ISA, pension, and investment products in one app. It distributes UK bank savings products (FSCS-protected) via partner Bondsmith and holds invested assets via Seccl as custodian (owned by Octopus Group). The strategy is to monetise via fund-fee refunds and tiered subscription rather than platform fees.
Prosper discloses Bondsmith as its banking provider, according to the Embedded Finance Index 2026.
Prosper does not disclose a bank charter of its own; its banking services are provided through Bondsmith.
Prosper's cards are issued through Coastal Community Bank.
Prosper's lending and capital products are provided by WebBank.
The Embedded Finance Index 2026 maps 3 layers in Prosper's stack: Banking / BaaS (Bondsmith); Card issuing (Coastal Community Bank); Lending (WebBank).
Prosper was founded by Nick Perrett and is headquartered in London, United Kingdom.
Get a read on where your own stack stands against Prosper and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.