Banks Are Betting Big on a Startup That Bypasses Banks | WIRED
FORGET ABOUT BANKS. Online peer-to-peer lending platforms have surged in popularity by connecting people who want to borrow directly with people who want to lend. And now banks want in on the action.
On Wednesday, San Francisco-based startup Prosper announced a new $165 million round of financing led by Credit Suisse NEXT Investors, and which included participation by J.P. Morgan Asset Management, SunTrust Banks and USAA, among others
Source: www.wired.com
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