San Francisco, CA-based Prosper Marketplace, which operates an online marketplace that connects borrowers and investors, is to acquire BillGuard, a personal finance analytics company that develops consumer apps to manage, protect and do more with money and credit.
The amount of the transaction was not disclosed.
The acquisition will enable Prosper Marketplace to offer borrowers and investors a full suite of tools to help them make smarter financial decisions, and will give the company access to Israel’s engineering and product talent pool.
Founded in 2010 by Yaron Samid, CEO, BillGuard provides an app that allows consumers to track their spending across all accounts, budget effectively, protect their money from wrongful charges and monitor their credit score. The underlying technology, powered by crowdsourcing, also helps consumers detect fraudulent payment card charges.
Since inception, BillGuard has flagged over $70 million in unauthorized charges for more than 1.3 million registered users.
The company, which has offices in New York City and Tel Aviv, was backed by venture capital investors including Bessemer Venture Partners, Khosla Ventures, Peter Thiel’s Founders Fund, Eric Schmidt’s Innovation Endeavors, IA Ventures and SV Angel.
FinSMEs
24/09/2015