Prosper Marketplace Adds to Lending Services With BillGuard Acquisition
BySAN FRANCISCO — In the race among the new generation of online lenders, Prosper Marketplace is again turning to deal-making to bolster its competitive position.
The Internet-based loan marketplace plans to announce on Thursday that it has purchased BillGuard, a start-up that helps customers manage their money and protect their financial identity.
The transaction, which is valued at about $30 million, is the latest move by Prosper to augment its services as it competes in the popular online lending industry. The business, in which an increasingly dizzying array of lenders use computer algorithms and the Internet to connect lenders and borrowers, drew the interest of investors as an alternative to traditional banks…
Prosper Marketplace Adds to Lending Services With BillGuard Acquisition
