Tagged: zopa

December 22, 2019 @ 11:59 am By Omar Faridi  |  

Peer-to-peer lenders reportedly raised over £7 million (appr. $9.1 million) to fund the ongoing development of their platforms via crowdfunding in 2018. Overall, Fintech has been a hot sector of crowdfunding with many big names in the emerging financial services sector recognizing the benefits of… Read More

December 3, 2019 @ 10:53 am By JD Alois  |  

Peer to peer lending platform Zopa raised £140 million, the company’s largest funding round since launch. According to a note from Zopa, the additional capital will enable Zopa’s banking entity to “fulfill its regulatory capital requirements.” This is key to removing its current restrictions on… Read More

November 8, 2019 @ 7:58 am By Omar Faridi  |  

Zopa, a peer-to-peer (P2P) money lending platform that allows borrowers and lenders to deal directly with each other (cutting out the banks who serve as intermediaries), is nearing the launch of its new digital bank offshoot in the United Kingdom. The company will conduct a… Read More

August 18, 2019 @ 2:45 pm By Aubrey Hansen  |  

As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world – and investors are taking notice. Big players like Monzo, Starling, N26, Revolut, and EQIBank have recently completed massive funding rounds… Read More

July 8, 2019 @ 9:24 am By JD Alois  |  

Zopa, the first peer to peer lender to launch in the UK and the only platform to have actually experienced a recession, received a provisional bank license in late 2018 as it looks to transition from an online lender and investment platform to a digital… Read More

June 25, 2019 @ 8:39 am By JD Alois  |  

Peer to peer lender and digital bank Zopa is out with note highlighting the fact that consumers too frequently do not receive the interest rate they expect when applying for a loan. In fact, Zopa states that an astounding two-thirds of loan applicants are offered… Read More

March 10, 2019 @ 10:48 am By JD Alois  |  

The British Bank Awards, an event that aspires to be the “Oscars of the banking world,” has revealed their 2019 winners. Now in its fifth year of operation, the British Bank Awards are run by Smart Money People a review and insight platform for financial… Read More

February 20, 2019 @ 10:18 am By Samantha Hurst  |  

Peer to peer lender Zopa announced on Wednesday its new research revealed that millions of people across the UK do not know the rate of interest on their Cash ISA, which means billions of pounds are potentially languishing in accounts earning little or no interest… Read More

February 14, 2019 @ 7:47 am By Samantha Hurst  |  

Peer to peer lender Zopa announced on Thursday it has appointed former Virgin Management CEO, Gordon McCallum as new Chairman as it prepares to take on Britain’s largest banks. This news comes just a couple of months after Zopa announced it has received authorization from both the Financial… Read More

December 5, 2018 @ 9:58 am By JD Alois  |  

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 license… Read More

November 7, 2018 @ 7:01 pm By JD Alois  |  

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

September 1, 2018 @ 8:24 am By JD Alois  |  

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

August 6, 2018 @ 9:59 am By JD Alois  |  

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

August 3, 2018 @ 11:17 am By JD Alois  |  

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

July 29, 2018 @ 6:30 pm By JD Alois  |  

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

July 2, 2018 @ 10:56 am By Samantha Hurst  |  

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

May 16, 2018 @ 10:49 am By JD Alois  |  

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

April 12, 2018 @ 1:46 pm By JD Alois  |  

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

February 28, 2018 @ 7:32 am By JD Alois  |  

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

February 15, 2018 @ 12:04 pm By JD Alois  |  

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