Alto partners with Prosper to enable AltoIRA users to invest in consumer loans
Partnership will allow individuals to further diversify their retirement savings
NASHVILLE, TN/ACCESSWIRE/February 10, 2022/ Alto Solutions, Inc. (Alto), the self-directed IRA platform for individuals to easily and cost-effectively invest in alternative assets using tax-advantaged retirement funds, today announced the company’s partnership with Prosper Marketplace, Inc. (Prosper), a leading online marketplace for consumer loans. Users of the Alto IRA platform can now use their IRA funds to invest in loans issued through Prosper’s online lending platform. Prosper connects people who want to borrow money with individuals and institutions who want to invest in consumer credit, making it easier for borrowers to access credit and offering attractive returns for investors.
“We are extremely proud to partner with Prosper,” said Tara Fung, Chief Revenue Officer of Alto. “Prosper was the first peer-to-peer consumer lending marketplace in the United States and offered ordinary Americans a one-of-a-kind investment opportunity to better diversify their portfolios. Through our partnership, Alto investors can now deploy IRA funds to invest in consumer loans.
John Goldston, Vice President of Capital Markets at Prosper, said, “As a self-directed IRA provider, Alto has a strong reputation for easy online account setup, transparent pricing and excellent customer service. We are excited about this opportunity to join Alto and join the company’s growing list of key investment partners.
Since 2006, Prosper has facilitated over $20 billion in peer-to-peer lending to over 1,180,000 people across America. Fixed-rate, fixed-term loans offer stable returns for investors with higher risk tolerance than lower-yielding loans. Personal loans are just one more option for Alto users to diversify their asset allocation and achieve the financial future they want.
Alto is a Nashville-based fintech company that launched its next-generation self-directed IRA platform in 2018 to make it easier for individuals to access and invest in alternative assets using their retirement funds. The first of its kind, Alto’s platform streamlines the process for investors, investment finance portals and investment sponsors. Alto’s current investment partners include AngelList, DiversyFund, Eaglebrook Advisors, Fundr, Grayscale, Masterworks, Republic and Vint, as well as financial advisors, fund sponsors and other direct issuers. Alto is not a registered dealer or investment adviser. Alto does not promote or endorse individual investment opportunities or provide investment advice to its clients.
For more information, please visit AltoIRA.comor follow Alto on LinkedIn, Twitter, Facebookand instagram .
For more information about Prosper, please visit Prosper.comor follow Prosper on LinkedIn, Twitter,Facebookandinstagram . Prosper services are not available to investors in all states. SeeProsper.comfor more details.
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