[Reuters] Loan start-up Prosper raises $20 million, led by Sequoia

Posted by: UGN Security

[Reuters] Loan start-up Prosper raises $20 million, led by Sequoia - 01/22/13 12:01 PM

SAN FRANCISCO (Reuters) - Prosper, a leader in the fast-growing "peer-to-peer" lending sector, said on Tuesday it raised $20 million from venture capital firms led by Sequoia Capital, stepping up competition with rival Lending Club.