Tagged: zopa bank

UK’s Zopa Bank Enters Renewable Energy Market with Octopus Deal and Regulated BNPL

Zopa Bank has reportedly entered the UK’s £23 billion renewable energy market, making its suite of fully regulated BNPL and retail finance products available to Octopus Energy customers across the UK. The deal will see Zopa finance the purchase and “installation of Octopus solar panels… Read More

UK’s Digital Bank Zopa Reports Over £4 Billion in Customer Deposits

Zopa Bank, which began operations as a P2P lending platform but has evolved into a digital bank, has reportedly surpassed £4 billion in customer deposits. Zopa Bank says it achieved this milestone in under 4 years since acquiring its banking license. It has helped that… Read More

UK’s Digital Bank Zopa Reports First Full Year Profit

Once a top UK peer-to-peer lender and today a digital bank, Zopa Bank has announced its first full year of profitability. Zopa announced a pre-tax profit of £15.8 million for the financial year ending 31 December 2023, up from a pre-tax loss of £26 million for… Read More

UK’s Digital Bank Zopa Secures £75M, Exceeds 1M Customers

Digital bank Zopa has raised £75 million ($95m) in Tier 2 capital in order “to further accelerate its growth, supporting its vision to become Britain’s best bank.” The funding will ” fuel Zopa’s continuous growth and expansion.” It brings the total capital raised by Zopa… Read More

UK’s Digital Bank Zopa Releases Update on Financial Performance

Steve Hulme, CFO at Zopa Bank, has shared an update on their financial performance. Last year was an “exceptionally” strong year for Zopa Bank that reportedly “laid the foundations for their strong profitable growth.” The firm’s management added that as people in the UK continued… Read More

UK’s Digital Bank Zopa Appoints New CTO, COO

Digital bank Zopa has appointed Peter Donlon and Kate Erb as CTO and COO respectively, pending regulatory approval. Peter and Kate add significant technology and operations experience “to Zopa’s leadership roster as the company matures and enters its next stage of growth to become Britain’s… Read More

Digital Banking: Zopa Bank Appoints Deutsche Bank’s Former People Chief to Board

Digital bank Zopa has announced the appointment of Pippa Lambert to its Board, pending regulatory approval. A senior leader “with 25 years of experience at high growth, listed companies, Pippa will Chair Zopa’s Remuneration Committee and oversee the bank’s people agenda including culture, rewards and… Read More

Former Experian Exec Joins Fintech DivideBuy As Enterprise Business Development Manager

DivideBuy, which was recently acquired by Zopa Bank, has announced the appointment of Amanda Robinson as its new Enterprise Business Development Manager. DivideBuy’s 60-second checkout and conversion uplift tools “are delivering an increase in credit sales of up to 70%.” In February 2023, UK bank… Read More

UK’s Digital Bank Zopa Secures £75M to Accelerate Growth in 2023

Digital bank Zopa has raised £75 million ($93m) in order “to drive its next phase of growth, supporting its vision to become Britain’s best bank.” The deal cements and markedly “enhances Zopa bank’s Unicorn status, and was led by existing investors.” The proceeds from the… Read More

Digital Banking: Zopa Bank Crosses £3B Deposits Milestone

This week Zopa Bank has crossed the £3 billion deposits milestone, while their customers have collectively “opened 150,000 accounts to grow their savings faster in today’s challenging environment.” Zopa’s ambition is “to make the hundreds of billions in “zombie money” sitting idle in UK current… Read More

Zopa: Pledge2025.org Doubles, Now Has 22 Fintechs

Zopa reports that ten more companies have joined the 2025 Fintech Pledge or pledge2025.org, which was launched in September aiming to tackle the UK’s cost-of-living challenge. In brief, the organization as grown to 22 since the last announcement in October. The ten new members are… Read More

Digital Bank Zopa Tops £2 Billion in Deposits

Young digital bank Zopa has surpassed £2 billion in deposits. The bank claims to be one of the fastest challenger banks to top this milestone. Zopa Bank is authorized and regulated by the Prudential Regulation Authority and by the Financial Conduct Authority. Zopa started its… Read More

More BNPL: Zopa Enters Hot Credit Sector with Focus on Big Ticket Items

While most of the news was swirling around Apple’s (NASDAQ:AAPL) new buy now – pay later (BNPL) product that allows its users to pay in four equal payments over 6 weeks, digital bank Zopa has announced its spin on BNPL with a focus on big-ticket items. The… Read More

Zopa Bank and Fintech TrueLayer Make Saving Seamless with Acct-to-Acct Payments

TrueLayer, which claims to be Europe’s leading Open Banking platform, has announced a collaboration with digital bank Zopa, which has gone live with account-to-account payments for its Smart Saver savings account. Zopa’s Smart Saver was launched in February with a focus on “helping consumers at… Read More

Zopa Bank is Now Profitable, Predicts Ongoing Profitability

Zopa Bank, previously Zopa the P2P or Marketplace lender, is now profitable according to a note from the company. The news arrives 21 months after Zopa was approved to operate as a digital bank in the UK. Zopa did not provide details as to how… Read More

Zopa Bank Appoints Graham Robinson, Previously at Monzo, as its New Chief Risk Officer

UK’s digital bank Zopa has appointed Graham Robinson as its new Chief Risk Officer. Graham joins Zopa as it “completes its successful first year as a digital bank and sets its sights on further growth,” according to an update shared with CI. With more than… Read More

P2P Lender and Digital Bank Zopa Releases Rates for Soon to Be Launched Savings Accounts, Existing Investors May Register Interest

Fintech lender and digital bank Zopa has provided rates for its fixed-term savings accounts and noted that current investors that express interest will get a chance to receive exclusive products. Zopa clarifies that these rates are available only to investors and not necessarily what will… Read More

Zopa Becomes a Bank. Fintech Announces Approval of Full Bank License as it Moves Beyond Online Lending

After an extensive regulatory journey, Zopa has been awarded a full bank  license as it transitions from a top online lender to a Fintech offering a growing portfolio of financial services. Zopa Bank will sit alongside its existing peer to peer business (Zopa Limited), as part… Read More

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