Wednesday, September 24, 2025

Light/Dark

Breaking News

TSB in Warning to Young People and Learner Drivers – as Driving Lesson & Test Fraud More Than Doubles Smartstream Unveils New Brand to Reflect Its Position as a Data Solutions Leader Starling and Arsenal Launch New Partnership With Financial Literacy Campaign TransferGo Expands Partnership with tell.money Eltropy Launches Unified, Self-Serve Payment System for Credit Unions and Community Banks Napier AI Appoints Adam Flowers as Chief Revenue Officer to Accelerate Global Growth Triver Secures up to £114M To Revolutionise How Small Businesses Access Cash Flow Finance JOI gaming Teams Up with Trustly to Deliver Next-Level Payment Experience in the Netherlands Alibaba Cloud Unveils Strategic Roadmaps for the Next Generation AI Innovations Bybit Launches 24/5 Stock CFD Trading on TradFi Platform New Survey: One in Four Companies Lose More Than $1 Million Annually at Online Checkout Allica Bank Broker Survey Shows Confidence in Asset Finance Sector Has Doubled Since Q4 2024 S64 and Vista Expand Partnership To Launch VistaOne Australian Unit Trust Orbit Flex Brings Hedge Fund-Level Investment Research and AI to All Investors Zycus Launches ‘Zycus Pay’ in Partnership with TransferMate to Deliver Embedded B2B Payments

Home » People » Usama Ashraf

Connect

About Usama Ashraf

http://www.prosper.com/

News

News

Prosper Announces New $500 Million Forward Flow Agreement with Fortress and Edge Focus to Expand Its Personal Loan Marketplace

May 1 2025

Prosper Marketplace, the first peer-to-peer lending platform in the United States, today announced a $500 million forward flow agreement led by funds managed by affiliates of Fortress Investment Group ("Fortress") alongside Edge Focus. The $500 million forward flow purchase agreement will help Prosper increase access to credit as more borrowers seek a personal loan to refinance high-interest rate credit card debt, for home improvements, or to make a major purchase.

Related Companies