Zopa is a digital-first bank offering personal loans, savings products, credit cards, and everyday banking services through a single mobile platform. Originally launched as one of the world’s first peer-to-peer lending platforms, Zopa has evolved into a fully licensed UK bank.
The company focuses on transparent pricing, responsible lending, and technology-led financial services for consumers.
What Is Zopa and What Does It Do?
Zopa, founded in 2005, is a London-based digital banking and lending company. It provides personal loans, savings accounts, credit cards, and current accounts designed to simplify personal finance for consumers.
Zopa employs 135 employees as of December 2020 and serves a growing customer base across the United Kingdom through its mobile-first banking platform.
How Much Funding Has Zopa Raised?
1. Venture Round
- Amount Raised: £70M
- Date: December 2015
- Lead Investors: JP Morgan Chase
- Motivation: To scale peer-to-peer lending operations and expand product offerings.
2. Venture Round
- Amount Raised: £32M
- Date: June 2017
- Lead Investors: Northzone, Wadhawan Global Capital
- Motivation: To support the transition toward regulated banking services.
3. Venture Round
- Amount Raised: £44M
- Date: August 2018
- Lead Investors: Wadhawan Global Capital
- Motivation: To accelerate growth and broaden lending products.
4. Venture Round
- Amount Raised: £16M
- Date: November 2018
- Motivation: To strengthen technology infrastructure and compliance.
5. Venture Round
- Amount Raised: £130M
- Date: December 2019
- Lead Investors: IAG Capital Partners
- Motivation: To scale banking operations and customer acquisition.
6. Venture Round
- Amount Raised: £20M
- Date: March 2021
- Lead Investors: IAG Silverstripe
- Motivation: To launch new financial products.
7. Series G
- Amount Raised: £220M
- Date: October 2021
- Lead Investors: SoftBank Vision Fund
- Motivation: To fuel growth and prepare for long-term expansion.
8. Series H
- Amount Raised: £75M
- Date: February 2023
- Motivation: To enhance digital banking capabilities.
9. Series H
- Amount Raised: £75M
- Date: September 2023
- Lead Investors: IAG Silverstripe
- Motivation: To strengthen capital position and support new launches.
10. Series H
- Amount Raised: £68M
- Date: December 2024
- Lead Investors: A.P. Moller Holding
- Motivation: To prepare for next-generation current accounts and AI-powered banking tools.
Total Funding Raised: $968 Million
Current Valuation: $1 Billion (as of Dec 2024)
Latest Funding Date: December, 2024
Key Investors
1. SoftBank Vision Fund
- Details: Global technology-focused investment fund.
- Investment Focus Areas: Technology, fintech, AI-driven platforms.
- Notable Investments: Zopa, Uber, WeWork, Alibaba.
2. A.P. Moller Holding
- Details: Danish investment company with long-term ownership focus.
- Investment Focus Areas: Financial services, industrials, diversified assets.
- Notable Investments: Zopa, Maersk, Danske Bank.
3. IAG Silverstripe
- Details: Venture capital firm focused on fintech and digital banking.
- Investment Focus Areas: Financial technology, digital platforms.
- Notable Investments: Zopa.
4. Northzone
- Details: Venture capital firm investing in technology-led businesses.
- Investment Focus Areas: Fintech, consumer internet, marketplaces.
- Notable Investments: Zopa, Klarna, Spotify, Trustpilot.
5. JP Morgan Chase
- Details: Global financial services and investment banking firm.
- Investment Focus Areas: Banking, financial services, asset management.
- Notable Investments: Zopa.
Where Is Zopa’s Headquarters?
Zopa is headquartered in London, United Kingdom, operating as a regulated digital bank serving customers across the UK.
What’s Next for Zopa?
Zopa is focused on expanding its current account offerings, embedding AI-powered financial insights, and increasing market share in UK consumer banking. With strong capital backing and a growing product suite, the company is positioned to compete with both challenger banks and traditional financial institutions.
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