(Reuters) - Prosper Marketplace has hired investment banks Financial Technology Partners LP and JPMorgan Chase & Co (NYSE:JPM) to explore strategic alternatives, including selling equity in the company, according to people familiar with the matter.
Prosper, a U.S. online lender, is seeking capital to shore up its funding base, and considering options that include selling a minority or majority stake in the company, the people said this week.
The sources asked not to be identified because the matter is confidential. Prosper and JPMorgan decline to comment, while Financial Technology Partners did not immediately respond to a request for comment.