P2P lending company Prosper, which purchased Israel-based startup BillGuard for $30 million last September, has rebranded the BillGuard app as Prosper Daily. The company offers reasoning behind the change, stating, “the security focus of ‘BillGuard’ no longer captures the essence of the app.”
BillGuard users will be automatically migrated to the new platform automatically upon updating the app. The core of the app, which helps users flag suspicious charges, check their credit score, and track spending, is the same (aside from the rebrand). Today’s update brings added 3D Touch capability that lets users view inbox count and monthly spend from their home screen. Also new is a loan overview for Prosper borrowers.*
While there’s no word yet on loan performance overview capability for Prosper lenders, the company hints at upcoming changes, stating, “In the near future, we’ll be strengthening the app’s core with smarter ways to keep track of your spending, helping you reach your money goals and improving the reliability of the updates from your accounts.”
BillGuard last presented at FinovateSpring 2012 where it debuted BillGuard FI. Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007.
*Note: While the update description touts “loan overview for Prosper borrowers” as a new feature, it doesn’t yet appear available in the app.