Prosper: Invest
authentic ratingMobile access to a peer-lending platform where you invest in other people's loans. Experienced users like the auto-invest and returns, but the outcome depends heavily on how you manage risk: defaults and write-offs really eat into profit. The app itself is clearly thinner than the website.
52real score
4.6store star
3,204ratings
About the rating
The reviews are mature, from people with years of peer-lending experience. The complaints are real and mixed: some are happy with 11-15% returns, others cite 1-2% after defaults and write-offs. Much of the criticism is about the app itself trailing the website. No signs of fakery.
Strengths
What users love
- Auto-invest makes it nearly hands-off
- And returns are pleasant for experienced investors. The home-screen widget is handy
- And the concept adds diversification beyond stocks and real estate.
Weak spots
What users hate
- The app lacks the website's features: filters
- A clear income picture
- A list of loans. Defaults and write-offs can drag returns down to 1-2%
- And funds sometimes hang in pending. You cannot change your bank
- And setting an investment amount is clumsy.
Who it is for
Patient investors ready to lend long-term into other people's loans for diversification and unafraid of defaults, as long as it is not their last dollar.