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  6. Prosper Acquires BillGuard

M&A Deal Summary

Prosper Acquires BillGuard

On September 24, 2015, Prosper acquired internet software and services company BillGuard

Acquisition Highlights
  • This is Prosper’s 1st transaction in the Internet Software and Services sector.
  • This is Prosper’s 2nd transaction in the United States.
  • This is Prosper’s 1st transaction in New York.

M&A Deal Summary
Date 2015-09-24
Target BillGuard
Sector Internet Software and Services
Buyer(s) Prosper
Deal Type Add-on Acquisition
Advisor(s) Financial Technology Partners - FT Partners (Financial)

Target

BillGuard

New York, New York, United States
BillGuard is a personal finance analytics company that develops popular consumer apps to manage, protect and do more with money and credit. BillGuard was formed in 2009 and is based in New York, New York.

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Buyer(S) 1

Buyer

Prosper

San Francisco, California, United States
Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

Prosper is a peer-to-peer financing platform to invest and borrow money. The Prosper platform connects people who want to invest money with people who want to borrow money. The unsecured personal loans are used by Prosper borrowers for a variety of purposes including paying down high interest rate debt and helping with small business funding. Prosper was founded in 2005 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-27 American HealthCare Lending

Salt Lake City, Utah, United States

American HealthCare Lending, LLC is a patient financing company for healthcare providers in the cosmetic dentistry, bariatric surgery, fertility, plastic surgery, and other markets.

Buy $21M
Mergr

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