Prosper

UK Financial Chat Fintech Chat
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Hi all - Creating a topic for Prosper, which is a Wealth tech based in London. If a topic already exists specifically for Prosper, please flag!

They’re running a really good timebound offer and thought it may be of interest to other personal finance / fintech nerds

" By transferring at least £20,000 into cash or investments held with Prosper by 1 September 2025, you can join an exclusive group of members enjoying zero platform fees for the next ten years."

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Tom Blomfield, the ex CEO of Monzo, new toy.

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That’s not a bad deal, trying to find if there’s any catches. Does the transfer have to have completed before September 1st? Some providers are very slow to transfer out

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If you are a founding member, you are exempt from all this madness.
I got this email today.

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I dont know if the transfer being initiated would be sufficient to get the offer.. i would imagine so

I transferred my pension with them and as you say… mixed! My PensionBee was done in a couple of weeks and another (i forget the provider) wasn’t much longer. My WTW pension however was catastrophic! Prosper were very helpful, but WTW took the best part of 8 months.

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Yeah I got this earlier today too, but sharing for anyone who’s not a founding member

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For anyone wondering I asked if the transfer had to be completed by September 1st and got a reply saying it has to be initiated by then and completed within 6 months

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So i guess I’m not a founding member but already transferred last year so I guess I’m out of luck unless I missed something.

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I joined 25 July 2024 and I am considered one.
When did you join?

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Early November, I guess I’ll need to contact them to sec where i stand.

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First impressions of Prosper aren’t great.

Opened an account last Tuesday, no progress for a week just a message in the app that they were “checking details”.
Messaged support on Tuesday asking what the delay was and received an email a few hours later saying my account was open and got a response on chat that there was an “oversight in my application in the team process”.

Then started a transfer from Trading212 in to Prosper but haven’t had any confirmation and nothing in the app to show a transfer is in progress.

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I doubt that it’s an issue at T212’s end. I just transferred my S&S ISA from T212 to NatWest and it only took three days, I’ve never had a S&S ISA transfer so quickly.

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Follow up, still hadn’t received any sort of information and nothing visible in the app about the transfer so I asked on chat. 5 hours later I received a reply saying it looks like the transfer failed to come through to their systems properly so could I try submitting it again.

Think I’m done with Prosper, asked them to close my ISA and delete my account