Tagged: zopa

Fintech TruFin Picks up £70 Million via AIM Listing

TruFin PLC has raised £70 million, before expense, via an AIM listing priced at 190 pence per share. The Fintech focused company has invested in several interesting platforms including a 155 stake in leading consumer peer to peer lender Zopa. TruFin expects admission to trading… Read More

Open for Business: UK’s Largest Consumer P2P Lender Zopa is Once Again Accepting New Investors

Zopa, the largest peer to peer lender servicing consumers, is once again accepting new investors. The UK online lender put a halt to new customers in 2017 as an imbalance occurred as demand outstripped supply. This economic miss-match was said to be due to dramatic… Read More

UK P2PFA: Peer to Peer Lending Tops £3.1 Billion in 2017, Q4 Sees Considerable Growth as Borrowers Shift to Online Lending

The UK Peer to Peer Finance Association (P2PFA) has published aggregate fourth quarter data for of 2017 for its member platforms. The P2PFA shows that during 2017 £3,145,098,842 in peer to peer loans were facilitated. Cumulative lending transacted through P2PFA member platforms exceeded £8 billion…. Read More

Peer to Peer Lender Zopa Increases Interest Rates Paid to Investors

Zopa, one of the largest peer to peer lenders in the UK, has announced an increase in interest rates paid to investors. Zopa currently offers two diversified investment tiers: Zopa Core and Zopa Plus. Returns have increased from 3.7% for Core and 4.5% for Plus… Read More

Open Banking Arrives in the UK on January 13th. What Does this Mean?

Open Banking is kind of a nebulous term. Unless you are very engaged with the UK financial sector it probably means little to you. Yet the concept of Open Banking will have profound ramifications for consumers and businesses in both the UK and Europe. In… Read More

Zopa News: Users May Now Automatically Redirect Repayments Into An ISA

Earlier this week, online lending platform Zopa announced that users may now set their repayments to automatically move into an ISA. The lender reported this means that users may gradually move their Zopa money into an ISA without having to sell loans and pay fees… Read More

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