What Prosper does

Prosper is a UK-based B2B white-label youth banking platform, operated as a brand of Osper Ltd (registered in England, company no. 07958759), with headquarters in London and a regulated issuing-bank relationship anchored in Gibraltar. The company licenses an end-to-end stack to startups and established brands who want to launch youth debit card programs without building their own infrastructure, bundling a Mastercard-branded prepaid debit card, a parent mobile app for spend oversight, a youth mobile app for card usage, and a back-office management platform that includes reporting and fraud monitoring. Card issuance is conducted under license from Mastercard International through IDT Financial Services Limited, an FSC-Gibraltar regulated bank, providing the regulated banking and scheme rails that clients would otherwise need to procure independently.

The underlying platform derives from Osper, which has been live in the UK since 2015 and has reportedly issued hundreds of thousands of cards to children with millions of pounds loaded by parents. In 2021, Prosper was launched as the white-label commercialization of that technology, repositioning the asset from a direct-to-consumer UK brand into a globally licensable B2B platform. Customers are segmented into two primary cohorts: startups seeking to bypass multi-year development cycles to reach market in weeks, and established brands seeking a new product line that generates interchange/transaction income, drives customer retention, and supplies consumer spending data.

Prosper's revenue model combines platform licensing/white-label deployment fees (multi-year contracts, quote-based, not publicly disclosed) with transaction fees on payments routed through the Mastercard scheme. Go-to-market is enterprise field sales, executed through the corporate website via contact form and live-demo requests directed to [email protected]. The marketing footprint is minimal (no disclosed paid channels, social presence, or content marketing beyond the website), and the employee base is small (28), indicating a capital-efficient, contract-driven sales motion rather than a high-velocity self-serve model.

Name

Prosper

Legal name

Osper Ltd

Website

https://letsprosper.io

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Prosper is a London-based B2B white-label youth banking platform, a brand of Osper Ltd, that licenses an end-to-end Mastercard prepaid card, parent and youth apps, and back-office tools to startups and brands launching youth debit card programs.

Ownership category

akta.pro rank

Product category

White-label Youth Banking Platform

NAICS

Credit Card Issuing (52221), Activities Related to Credit Intermediation (5223)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Card Issuing & Program Management Platforms (BPAMAFAH)

akta.pro secondary industries

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Card Issuing Platforms (Issuer Processing) (FSAGABAD), Youth/Student Neobanks (FSABAFAD)

Keywords

• White-label banking
• Youth debit cards
• Embedded finance platform
• Prepaid card issuance
• Mobile banking apps

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Platform Licensing / White-label Deployment: B2B licensing of the complete youth banking platform to startups and brands who want to launch their own youth card programs. The platform is deployed as a white-label solution, generating income for the brand while Prosper provides the underlying infrastructure.
2. Transaction Fees: Revenue generated from transaction fees on card payments processed through the Mastercard card scheme infrastructure.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Prosper provides a complete, end-to-end white-label youth banking platform that enables startups and established brands to launch their own youth card programs in weeks. The offering bundles together Mastercard-branded debit cards for young people, paired mobile applications for parents and youth, back-office management tools, fraud monitoring, reporting, and ready-made payment processor integration — everything required to deploy a youth banking scheme without building infrastructure in-house.

Product overview

Prosper is a complete youth banking product delivered as a unified whitelabel platform. The offering centers on the Prosper Platform as the core infrastructure, which bundles together a debit card (Mastercard), paired mobile apps for parents and young people, and comprehensive back office management tools. The platform is designed for startups and established brands to deploy their own youth card programs quickly without development teams or financial experience.

Differentiator

Problem solved

Functional benefit

Products and services

• Prosper Platform A complete, end-to-end white-label solution for youth banking that provides everything needed to launch a youth card scheme within a couple of months. Includes processor integration, Mastercard card issuance, apps for parents and young people, and back-office management tools. Designed for startups and established brands wanting to deploy their own youth card programs.
• Parent App

Quantifiable outcome

• Get to market in weeks, not years
• +4 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• OspercoreOEM/ Whitelabel/ Licensing Partner · 1 January 2015Prosper is built on the platform developed by Osper, which has been live since 2015. Osper has issued hundreds of thousands of cards to children and processed millions of pounds. Prosper represents the white-label availability of Osper's technology to other brands and startups worldwide.
• IDT Financial Services LimitedcoreTechnology or IntegrationIDT Financial Services Limited is the regulated bank that issues the Osper Prepaid Debit Card pursuant to a license from Mastercard International. They are licensed by the Financial Services Commission, Gibraltar.
• MastercardcoreTechnology or IntegrationMastercard International provides the card scheme for the Prosper youth banking platform. Prosper issues Mastercard-branded debit cards to young people through their licensed partner IDT Financial Services Limited.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Marqeta: Public card-issuing platform that powers modern debit and prepaid programs via API-first infrastructure. Most directly comparable on the B2B side of Prosper's business - enabling other brands to launch card programs without owning the issuing stack.
• GoHenry: UK-based youth banking and prepaid card provider serving children and parents with a dedicated app and parental controls. Most directly comparable to the underlying Osper platform that powers Prosper, with overlapping end-customer product and feature set.
• Greenlight Financial: US-focused youth and family debit card platform with parental controls, chore/allowance features, and investing for kids. Closely mirrors the youth debit card + parent app + management platform combination that Prosper white-labels.
• Galileo Financial Technologies (a SoFi company): Payment processing and card issuing infrastructure provider powering fintechs, banks, and brands. Comparable on Prosper's BaaS-style proposition of providing processor integration, card scheme access, and back-office tooling to white-label partners.
• Step: US teen banking platform offering debit cards, parental oversight, and credit-building features. Comparable target demographic (youth/teens), product structure (card + app + parental controls), and channel (B2C and partnerships).

Broad incumbents

• Stripe Issuing: Stripe's embedded card-issuing infrastructure, enabling platforms to create and manage branded debit and credit cards via API. Adjacent competitor for Prosper's B2B card-issuing value proposition, though broader and not youth-specialized.
• Starling Bank: UK challenger bank offering Kite, a youth account within its broader retail banking proposition. A scaled incumbent with an in-house youth offering that competes for the same end customers Prosper's brand clients target.
• Revolut: Global neobank offering Revolut Junior accounts for children within its broader consumer banking app. Competes indirectly by giving parents an in-house alternative to a separate white-label youth card program.

Emerging players

• Copper Banking: US teen banking platform built with parent oversight, debit card, and money management app. Niche overlap with Prosper's youth debit card + parent app value proposition, though Copper is direct-to-consumer rather than white-label.
• Current: US challenger offering family banking accounts with teen/kid debit cards and parental controls. Overlapping youth-banking product but with its own banking charter rather than a white-label model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/prosperyouth

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prosper