Zopa to Offer “Feel Good Money” Digital Bank Peer to peer lender Zopa has received authorization from both the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to operate its much anticipated digital challenger bank. Initially, Zopa will operate with a bank licence with restrictions. Zopa… Read More
Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More
A note from Zopa shares the fact that UK investors placed over £290 million into the relatively new Innovative Finance ISA or IFISA. The amount put in IFISAs by investors reached £290 million during the 2017/18 tax year, which is pegged at 8 times more than… Read More
Peer to peer lender Zopa is now helping commuters pay for their travelcard in the UK. In a brief note last week, the UK’s largest consumer online lender announced that it has partnered with CommuterClub to provide loans for annual season tickets. The value for… Read More
Zopa has raised additional money in a new funding round. The peer to peer lending announced a raise of £44 million to help pay for its expansion and push into new services. Zopa will use the latest round of investment towards the capital needs for the… Read More
This past Friday, the UK Financial Conduct Authority (FCA) finally released their review of the crowdfunding industry regulations. While the investment crowdfunding sector (equity crowdfunding) came away mostly unscathed the loan based sector (or peer to peer lending) took a bit of a lashing. The… Read More
Peer-to-peer lending platform Zopa announced on Monday its 2017 profit after tax of £1.5 million for its online lending business. According to the Fintech, 2017 was a year of strong and sustainable growth, with the year’s revenue being £46.5 million – an increase of 40%… Read More
Marcus, a fast emerging digital only challenger bank, is poised to enter the UK market and then cross the channel to set up operations in Germany. This is according to multiple reports as the erstwhile online lender leverages its successful US tech in other markets…. Read More
The grande dame of peer to peer lending in the UK, Zopa, is raising £50 million at a valuation of £400 million, according to several reports. SkyNews states this most recent funding round will be led by current investors including Wadhawan Global Capital out of… Read More
Online capital formation and more traditional funding methods continue to converge as Seedrs, a leading UK investment crowdfunding platform, has provided access to the Augmentum Fintech initial public offering (IPO) on the London Stock Exchange. The £100 million IPO saw more than £500,000 of investment… Read More
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
The Paris Fintech Forum 2018 (#PFF18) was a huge event, here are a few highlights from the sessions moderated by Crowdfund Insider & friends. The conference gathered more than 2,500 delegates from more than 50 countries from the five continents at the old French stock… Read More
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
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
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 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
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
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, 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
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
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