Propser, a peer-to-peer lending marketplace, will close its secondary market for loans on 27 October due to lack of significant usage among investors. The platform’s services will remain in operation until 19 October, after which it will no longer be possible to create new orders or list notes for sale. This comes at a time when the firm has been searching for new strategies, having hired investment banks including Prosper to help increase its balance sheet holdings.
Propser, a peer-to-peer lending marketplace, will close its secondary market for loans on 27 October due to lack of significant usage among investors. The platform’s services will remain in operation until 19 October, after which it will no longer be possible to create new orders or list notes for sale. This comes at a time when the firm has been searching for new strategies, having hired investment banks including JPMorgan to help increase its balance sheet holdings.