In advance of the Lendit conference in NYC next week, two deals put Prosper and SoFi on firmer footing after a rough patch for broader industry. One fund manager did note that companies like Avant and Prosper will still need to grow into their valuations before they can raise new capital.
Two deals put Prosper Marketplace and Social Finance on firmer footing after a rough patch for industry The sun peeked from behind the clouds in the online lending sector as two significant deals finally cleared in February. Personal-loans specialist Prosper Marketplace Inc. reached a deal that has been in the works for months for investment firms to buy up to $5 billion of its loans. This is
https://www.wsj.com/articles/online-lenders-turn-a-corner-1488457848
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