Tagged: zopa

Zopa to Remove Zopa Access & Zopa Classic Products on December 1st

On Friday, online lender Zopa announced it was shutting down its Zopa Access and Zopa Classic on December 1st. The company announced that it was retiring the products earlier this year.   “On 1st December, we’re retiring Zopa Access and Zopa Classic – that’s just over… Read More

Zopa Gets Bricks & Mortar Presence in Partnership with Saffron Building Society

Zopa, the largest peer to peer consumer lending platform in the UK, has revealed a new partnership with Saffron Building Society that will deliver a physical presence for the online lender. The new partnership was announced today with Zopa CEO Jaidev Janardan commenting; “The partnership… Read More

Zopa Announces Credit Risk Model Update

On Friday, online lending platform Zopa announced the latest update of its credit risk model. This news comes just a few weeks after the lender announced updated on improving loan sale time progress, rebate period, and ISA transfer-in. Chief Product Officer at Zopa, Andrew Lawson,… Read More

Zopa Updates Users on Improving Loan Sale Times Progress

UK-based online lender Zopa announced on Friday updates on improving loan sale times progress, rebate period and ISA transfer-in. Senior Developer at Zopa, Joe Hutchinson, explained that he and his team are working non-stop to improve on the loan sales times. He explained: “We saw major… Read More

Zopa Reports Diminishing Loss as Revenues Rise for 2016

Zopa, the first peer to peer lender to set up shop in the UK, has filed its annual accounts for 2016, and according to their numbers business is looking better. Top line revenue improved by 61% jumping to £33.2 million for 2016. The operating loss… Read More

Zopa Announces Loan Sale Pricing Update Following Loan Glitch

On Friday, online lender Zopa announced an update on its loan sale pricing. The lending platform reported that it has made some changes to how it works out the value of loans for more accurate pricing. But, due to technical issues, some investors may have paid… Read More

UK P2PFA: Peer to Peer Lending Rises in Q2

The UK Peer to Peer Finance Association (P2PFA) is out with their 2nd quarter aggregate numbers for their member platforms. Robert Pettigrew, Director of the P2PFA, commented on the release pointing to the quarter over quarter increase in lending; “Comparing the performance of P2PFA platforms… Read More

Credit Scoring Firm Aire Secures $5 Million During Series A Funding Round; Forms Partnerships With Zopa & Toyota Financial Services

Credit score firm Aire recently secured $5 million during its Series A funding round led by Sunstone Capital with participation from White Star Capital. The company states it gives people a new credit to help them qualify for essential financial products. It is authorized and… Read More

Zopa Confirms: Has Lent £2.46 Billion Since Launching in March 2005

While revealing a “refresher” of its lending policies, UK-based peer-to-peer lender, Zopa, announced that as of July 20th it has lent £2.46 billion and is lending around £80m per month. “With the support of our customers, we have (as of 20 July 2017) lent £2.46bn… Read More

Zopa’s Home Improvement Index Reveals: Kitchen Is the Heart of the Home & A New One Can Deliver Homeowners Over 50% Return on Investment

On Wednesday, peer-to-peer lender Zopa released its latest Home Improvement Index that indicated a quart of British homeowners looking to improve their homes this summer are choosing to renovate their kitchens and are seeing a 51% return on investment as a result. According to research, 25% of… Read More

More Positive News: Equity Investment in UK Companies Rises in First 6 Months of 2017

Beauhurst is out with their monthly report for June and, according to their numbers, things are looking up for equity investments into high growth UK firms. This follows news by OFF3R that said equity crowdfunding in the UK had experienced a record breaking first half… Read More

Zopa Announcement: IFISA Is Now Available to Existing Customers

Zopa announced on Thursday its IFISA is now available for all existing Zopa customers. Along with the IFISA, the online lender unveiled its latest peer-to-peer investment product, Zopa Core. While sharing details about the IFISA, Zopa revealed: “It’s here! From today, existing investors can subscribe… Read More

Zopa Establishes Development Center in Barcelona

Peer to peer lender Zopa has established a development center in Barcelona, Spain. The new tech hub is said to initially focus on building the platform that will launch the next generation digital bank.  This will include deposit systems, credit card processing, payment gateways and… Read More

Crowdsurfer Adds Zopa Data to Data Aggregation Platform

Crowdsurfer, a comprehensive source of data on the global alternative finance market, has announced that Zopa has become the latest peer-to-peer lender to submit its data to the Crowdsurfer analysis. Zopa, the world’s first P2P lender and one of the largest in the space, has… Read More

Becoming a Bank: Zopa Raises £32 Million to Build “Next Generation” Bank

Peer to peer lender Zopa has raised £32 million in a “series of transactions” to finance the creation of a next generation bank.  The funding was led by Wadhawan Global Capital Pvt Ltd (WGC), an Indian financial services group, and Northzone, a European VC fund. As… Read More

Zopa to Launch Innovative Finance ISA in June. Other Investment Options Updated

Zopa has announced that it will launch its Innovative Finance ISAs or IFSA in June pending HMRC approval. Zopa believes demand for the new ISA will be high and said it will give priority access to existing customers. In advance of the IFISA, Zopa is… Read More

Zopa Finally Receives Full FCA Authorisation for Peer to Peer Lending

The first peer to peer lender to launch in the UK back in 2005 has finally received full authorisation from the Financial Conduct Authority (FCA). Zopa, a trailblazer in the global online lending sector, announced that it has been granted full authorisation for peer-to-peer lending… Read More

Zopa’s Jaidev Janardana: Here’s Why We’re Building a Bank

Just a few months after announcing Zopa is creating the next generation challenger bank at AltFi Europe, CEO of the peer-to-peer lending platform, Jaidev Janaradana, revealed more details about the bank’s creation at the AltFi Europe Summit last month. While sharing details about the bank progress,… Read More

Zopa Celebrates Plus Products 1st Birthday

On Friday, peer-to-peer lender Zopa celebrated the one year birthday of its product, Zopa Plus, by taking a look back at its progress over the past twelve months. The product was launched with Zopa Access and Zopa Classic. The platform revealed: “A year to the month… Read More

Zopa, Funding Circle UK, Lemonade Among Winners of the 2017 LendIt Awards

LendIt, the global lending and fintech conference series, held its first annual awards on Tuesday in New York City. As previously reported, The organization stated out of hundreds of applicants worldwide; the selected finalists were placed in 18 categories, which notably celebrate fintech market leaders, emerging… Read More