London fintech unicorn Zopa bank has bucked the trend of layoffs sweeping across the tech sector as it vows to continue hiring and raise minimum salaries more than 20% to £27,000.

We are quietly building the best and most loved workplace in the UK, with the happiest employees, see more context below.

• Zopa continues to hire and grow responsibly with no layoffs or hiring freezes on the horizon.
• We responded to the CoL crisis by raising our base salary to minimum £27k for ALL Zopians, this is 25% above the London living wage.
• We also provided an additional winter bonus of £500 for all people on salaries less than £50k.

This is part of a wider package of new benefits that matches the best and boldest benefits of the UK’s largest employers:

• Employees can work from abroad for up to 120 days a year, this is the industry’s boldest and most generous scheme to date. 
• Taking this policy a step further, we proactively suggest 13 fuss-free locations to fast-track moving as a digital nomad including Spain, Portugal, and Greece.
• Gender-neutral parental leave - all new parents can take 16 weeks maternity/paternity/adoption leave.
• Enhanced bereavement leave of 15 days for all loved ones, including 2 days for pet bereavement.
• Implementation of Medicash, a health cash plan covering everything from dental work and opticians to reiki and massage for wellbeing. This is in addition to the private health insurance we already offer Zopians.  
• In the process of launching Menopause Care, training Menopause Supporters (similar to mental health first aiders).
• Selling annual leave, where Zopians can sell up to 5 days annual leave during a sale period and receive the equivalent of their day rate in their next pay pack.
• Flexible Bank holidays, where Zopians can work any religious bank holiday and use the day off another time in the year. 
• Our Leadership Academy fosters future change-makers in the business, helping to accelerate their careers.

Recent achievements that support our ambition to build the best and most loved workplace in the UK include:

• A rating of 4.5 / 5 on Glassdoor: 93% would recommend Zopa to a friend, while 98% approve of the CEO Jaidev Janardana.
• Recognised in Glassdoor's 25 companies employees say are the best for Diversity and Inclusion 
• Newsweek included Zopa in third place in its list of the UK’s 100 Most Loved Workplace
• In our last Zopometer (internal survey) 9 out of 10 employees would recommend Zopa as a great place to work.