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 customersLoans, Car loans, Borrowing power, P2P investments, Innovative Finance ISA (Zopa Core, Zopa Plus)
 
Sales channelsLoans - 8.7% APR
Product cost-

Key people

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 offeringLoans, Car loans, Borrowing power, P2P investments, Innovative Finance ISA (Zopa Core, Zopa Plus)
Banking licenseHave a full banking license
Type of customersRetail and SMEs
Estimated revenue$10M to $50M
Number of investors 17
Number of lead investors8
Names of lead investorsIAG Capital Partners, Wadhawan Global Capital, Northzone, JP Morgan Chase, Arrowgrass Capital, Future Fifty, Augmentum Capital, Bessemer Venture Partners

Tech stack

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Reviews