Tag Archives: Prosper

Top 20 Transactions Deals for January 2015

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $350,000,000 Ele.me Tencent, Sequoia Capital Transactions Investment
2 $280,000,000 Travelocity Expedia Transactions Acquisition
3 $220,000,000 Instacart Consortium Transactions Investment
4 $75,000,000 Coinbase Consortium Transactions Investment
5 $70,000,000 Glassdoor Consortium Transactions Investment
6 $65,000,000 Porch.com Consortium Transactions Investment
7 $58,000,000 TransferWise Consortium Transactions Investment
8 $40,000,000 ClassPass General Catalyst, Thrive Capital Transactions Investment
9 $30,000,000 Tradesy Consortium Transactions Investment
10 $25,000,000 Deliveroo Consortium Transactions Investment
11 $22,000,000 peerTransfer Consortium Transactions Investment
12 $22,000,000 Scribd Consortium Transactions Investment
13 $21,000,000 American HealthCare Lending Prosper Marketplace Transactions Acquisition
14 $20,000,000 Work Market Consortium Transactions Investment
15 $18,500,000 BlueVine Consortium Transactions Investment
16 $17,000,000 Earnest Consortium Transactions Investment
17 $12,700,000 Beepi Undisclosed Transactions Investment
18 $11,000,000 Tripda Rocket Internet Transactions Investment
19 $10,000,000 Lalamove Consortium Transactions Investment
20 $10,000,000 The Black Tux Consortium Transactions Investment

More information

  1. Food Delivery Service Ele.me Raises $350M From Tencent, Sequoia Capital (TechCrunch)
  2. Expedia Inc acquires Travelocity in $280 million deal (Reuters)
  3. Instacart Closes $220M Series C Financing (FinSMEs)
  4. Coinbase Raises $75M in Series C Financing (FinSMEs)
  5. Glassdoor Raises $70M in Financing (FinSMEs)
  6. Porch.com Raises over $65M in Funding (FinSMEs)
  7. TransferWise Raises $58M in Series C Funding (FinSMEs)
  8. ClassPass Raises $40M in Series B Funding (FinSMEs)
  9. Tradesy Raises $30M in Funding (FinSMEs)
  10. Deliveroo Raises $25M in Series B Funding (FinSMEs)
  11. peerTransfer Closes $22M Funding Round (FinSMEs)
  12. Scribd Raises $22M in Funding (FinSMEs)
  13. Prosper Marketplace Acquires American HealthCare Lending for $21M (FinSMEs)
  14. Work Market Raises $20M in Growth Capital (FinSMEs)
  15. BlueVine Secures $18.5M in Financing (FinSMEs)
  16. New Loan Refinancing Tool And $17M Round Shows The Importance Of Earnest (TechCrunch)
  17. Beepi Raises $12.7M Funding Round (FinSMEs)
  18. Tripda Raises $11M in Series A Funding (FinSMEs)
  19. Lalamove Raises $10M in Funding (FinSMEs)
  20. The Black Tux Raises $10 Million For Its Deluxe Suit Rental Business (TechCrunch)

The rise of peer-to-peer lending

Commentary

Traditional banks make money by issuing loans to borrowers. Now ordinary people have the opportunity to do the same. Currently, one of the fastest-growing industries is peer-to-peer lending, which involves offering loans to strangers over the internet and trusting that they’ll pay back with agreed upon interest. The peer-to-peer lending space is currently exploding at an exponential growth rate with over $1 billion in venture capital poured into various startups. Popular players in this field include Zopa, Lending Club and Prosper. Funding Circle and OnDeck also issue small business loans through their marketplaces. Lending Club is the largest of them all. Founded in 2006, Lending Club has issued more than $4 billion in personal loans since 2007. In August, the company filed for an IPO with a fundraising target of $692 million, valuing the company at around $4 billion. OnDeck Capital, also filed for an IPO in November. Last week, AvantCredit, an online personal loan lender based in Chicago, secured a $225 million Series D from a consortium of investors. Markets are beginning to embrace non-bank lending services and this will present a new and real threat to traditional banks’ business models.