Online lending startup Prosper loses over 70% of its value
US-headquartered online lending startup Prosper has reportedly lost over 70% of its value after it raised $50 million in a new funding round. The startup which was earlier valued at $1.9 billion by private investors, is now valued at $550 million after the funding. Prosper also cut expenses to generate $8.6 million of Net Cash from Operating Activities last quarter.