Zopa
Description
15 years ago, we built the first ever peer-to-peer lending company to give people access to simpler, better-value loans and investments. Since then we’ve helped hundreds of thousands of customers take the stress out of money by building our business on honesty, transparency and trust. That’s why we’ve launched a different type of bank. We give our customers a fair deal as standard and our products are built so that we win when you win. We have handy tools to get stuff done and helpful people always at the end of a phone – meaning managing your money is no sweat. We’re built for the future and evolve as quickly as possible, we’ll always listen to what you want, and do our best to change to meet your needs.
Overview
| Type: | Private |
| Funding Status: | Late Stage Venture |
| Foundation year: | 2004 |
| Location: | London, United Kingdom |
| Number of employees: | 251-500 |
| Founders: | Dave Nicholson, Giles Andrews, James Alexander, Richard Duvall, Tim Parlett |
| Website: | https://www.zopa.com/ |
Target geographic market:
Europe
Awards:
2020 British Bank Awards: Best Personal Loan Provider (For the fourth year in a row) Moneyfacts Consumer Awards: Personal Loan Provider of the Year; Peer-to-peer Provider of the Year 2019 The Lawyer Awards: In-House Banking & Financial Services Team of the Year Moneywise Customer Service Awards: Most Trusted P2P Platform; 2019 Commended; Most Trusted Loans Provider The FT1000: Europe’s Fastest Growing Companies: Ranked 571 Zopa has appeared in the FT’s top 1,000 list of Europe’s Fastest Growing Companies for the second consecutive year. Moneyfacts Consumer Awards: Personal Loan Provider of the Year 2018 AltFi Awards: P2P Consumer Platform of the Year (for the second year running) Banking Tech Awards: Best Use of Emerging or Innovative Technology Sunday Times Hiscox Tech Track 100: Ranked 80th Moneywise Customer Service Awards: Most Trusted P2P Platform (For the third year running) Moneyfacts Consumer Awards: Best Customer Service The FT1000: Europe’s Fastest Growing Companies: Ranked 278 2017 AltFi Awards: Consumer Platform of the Year Sunday Times Hiscox Tech Track 100: Ranked 49th Moneywise Customer Service Awards: Most Trusted P2P Platform for Borrowers and Investors British Bank Awards: Best Personal Loan Provider; Best Alternative Finance Provider Superbrands: Superbrand status Moneyfacts Consumer Awards: Personal Loan Provider of the Year
About Product/Service
| Core product offerings for individual/retail customers | Loans, Car loans, Borrowing power, P2P investments, Innovative Finance ISA (Zopa Core, Zopa Plus) |
|---|
| Sales channels | Loans - 8.7% APR |
|---|---|
| Product cost | - |
Funding rounds
| Last Funding Date | Dec 1, 2019 |
|---|---|
| Last Funding Amount | £130M |
| Last Funding Type | Series H |
| Total Funding Amount | $464.5M |
| Number of Funding Rounds | 13 |
Financials
| Customer/Products segments | Lending Personal, Lending Commercial |
|---|---|
| Key product offering | Loans, Car loans, Borrowing power, P2P investments, Innovative Finance ISA (Zopa Core, Zopa Plus) |
| Banking license | Have a full banking license |
| Type of customers | Retail and SMEs |
| Estimated revenue | $10M to $50M |
| Number of investors | 17 |
| Number of lead investors | 8 |
| Names of lead investors | IAG Capital Partners, Wadhawan Global Capital, Northzone, JP Morgan Chase, Arrowgrass Capital, Future Fifty, Augmentum Capital, Bessemer Venture Partners |
Tech stack
Competitors
| Founding Date | Type | Tags | |
x Safened Safened is a regulated payment institution... | 2014 | Private | |
x first direct first direct is a leading UK bank providing... | 1989 | Private | Challenger banks, fintech |
x Cogni Cogni is the people-driven digital banking app... | 2018 | Private | Challenger banks, fintech |
x Doconomy Doconomy is a new company that aims to find... | 2018 | Challenger banks, fintech | |
x Jumio Jumio helps organizations meet regulatory... | 2010 | Private |
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