Prosper: Invest 4+
Invest in Personal Loans
Prosper Marketplace Inc.
-
- Free
iPhone Screenshots
Description
Welcome to Prosper Invest! Our beautiful new mobile experience was designed from the ground up based on feedback from Prosper investors like you.
Now you can easily manage your portfolio anytime, anywhere:
* Set up, review, and adjust your target portfolio allocations using our Auto Invest tool
* Invest manually by browsing and selecting from individual loan listings
* Add cash to your Prosper investment account in one-time, weekly or monthly increments
* View details on each Note you’ve invested in, at a glance
* View your total gain/loss to date
* See how your investments have impacted the lives of borrowers across the country
* Keep tabs on how your portfolio is performing
You must have an active Prosper investor account to use this app.
ABOUT PROSPER:
Prosper was founded in 2005 as the first peer-to-peer lending marketplace in the United States. Since then, we’ve facilitated more than $20 billion in loans to more than 1,000,000 people.
Through Prosper, people can invest in each other in a way that can be financially and socially rewarding. Borrowers apply online for fixed-rate, fixed-term loans between $2,000 and $50,000. Individuals and institutions can invest in the loans and earn solid returns.
For more info or to create a new Prosper investor account, please visit http://prosper.com/invest .
What’s New
Version 1.4.10
Bug fixes and performance improvements
Ratings and Reviews
Mostly safe Investment with some risk
If you’re looking to diversify your portfolio prosper is a good option. Full disclosure, I consider myself a regular person who tries to invest with his limited knowledge. I am not a banker or financier, just a working professional trying to maximize his money into investments that grow. I saw prosper as an opportunity to do this. Prosper makes it very easy on their app to invest and check your returns. I have been a lender with prosper for at least 5 years now. At one point I was ready to pull my investments from prosper after getting discouraged with some failed repayments by borrowers. While I did withdraw some of my investment, I still kept more than half of my initial capital investment tied into loans. I decided against fully withdrawing and closing my account after realizing it was a safer investment and offered decent but modest returns. If you’re looking for large returns north of 7-8% you’re in the wrong spot. But a return of 4-5% is very possible. You just can’t have all your money tied down in equities. That’s just not safe. And while some prosper investments fizzle when borrowers fail to repay, the vast majority do.
I don’t have a huge sum of money invested in prosper but I like the balance it provides me for my portfolio.
Very Very Risky
For this type of investing, the risk is totally on you. Almost anybody can apply for loan from Prosper. I’ve had borrowers form group A come up late sometimes but if you get greedy wanting a higher return from borrowers in group C, D, E, and HR (High Risk) just know it’s possible they come up late majority of the time and or go into default which ends up as a lost for you. I place higher dollar amounts in AA and A loans. Keep it as minimum as you can for other groups.
Long term results
I have been investing small amount on the Prosper platform since 2019. I was initially excited about it and the potential to be able to make small investments. As I was using the platform, it consistently told me that I was earning around 11% interest on my investments. But as I decided to change some of my strategies, I started withdrawing my money from Prosper to invest in other areas. This is where the wheels fall off. As I started withdrawing money, all of the so-called profit I had made was eaten up in losses to defaulted loans. So after 5 years investing on the platform, I am now currently on track to have a total overall loss instead of any profit. I would highly recommend investing your money somewhere else.
App Privacy
The developer, Prosper Marketplace Inc., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Linked to You
The following data may be collected and linked to your identity:
- Contact Info
- Identifiers
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
- Identifiers
- Usage Data
- Diagnostics
Privacy practices may vary, for example, based on the features you use or your age. Learn More
Information
- Seller
- Prosper Marketplace, Inc.
- Size
- 33.9 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 14.0 or later.
- iPod touch
- Requires iOS 14.0 or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
-
English
- Age Rating
- 4+
- Copyright
- ©Prosper Funding LLC.
- Price
- Free