Prosper
“Can a fee-transparent, multi-product wealth super-app aggregating savings, ISAs, pensions and investments displace incumbent UK platforms?”
HQLondon, United Kingdom
FoundersNick Perrett
IndustryFintech / Investment
The story
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.
Last 12 months
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Product timeline
0
Prosper launches UK wealth platform offering savings, ISA, pension and GIA with zero/low platform fees and refunded fund fees on 30+ funds.· launch
Regulated entities
1
regulatory licence held by Prosper
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Prosper’s embedded-finance stack
Banking / BaaS
Bondsmith
Card issuing
in the full report
Lending
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.