Tagged: zopa

UK’s Digital Bank Zopa Reaches £1B in Customer Savings

Today, the team at digital bank Zopa is “incredibly proud” to announce that their customers have trusted them with over £1 billion of their “hard-earned” savings. In an update shared with Crowdfund Insider, Zopa‘s management noted that their award-winning Zopa Fixed Term Savings Account offers… Read More

Digital Bank Zopa Reveals Why It’s Exiting the P2P Market, Will Focus on Operating as Virtual Banking Platform

Earlier this month, the team at digital bank Zopa made an important update regarding the future of their peer-to-peer business. After 16 years of handling P2P investments at Zopa, the team has taken the decision to close down their retail investing business (something similar to… 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

Zopa to Power Tesco Bank’s Online Auto Financing

Digital bank Zopa has agreed to power Tesco Bank’s online auto financing service. According to a note from Zopa, the partnership enables the Hire Purchase car finance online, helping customers to finance a car in as little as three minutes. Zopa notes there are around… Read More

Digital Bank Zopa Raises $300 Million, Expects to be Profitable within Weeks

Zopa, a digital bank that started as a peer-to-peer lender, has raised $300 million (£220 million) in a funding round that reportedly gives the Fintech a $1 billion valuation. The deal is currently in the process of receiving regulatory approvals from UK regulators.  JP Morgan… Read More

UK based Digital Bank Zopa Appoints Helen Beurier as Chief People Officer Ahead of 2022 IPO

Digital bank Zopa has confirmed the appointment of Helen Beurier as its first Chief People Officer. With more than 25 years of professional experience across some of the largest FMCG, retail, and pharma household names, Helen brings “a wealth of experience to the digital bank… Read More

Zopa Survey: Over 40% of UK Consumers would use Open Banking to Access Quick Loan Approvals, Improved Rates from Banks

As new lending starts to overtake the repayment boom seen during the COVID-19 crisis, research from digital bank Zopa reveals that more than 40% of UK-based consumers would make use of Open Banking to “apply for credit if it improved their chances of getting an… Read More

Zopa Adds Broadbrand Switching Service to Boost Value for Users

Digital bank Zopa has added a broadband switching service to its marketplace in a move designed to create more value for its users. Zopa said this is the latest feature delivered in partnership with Decision Tech. Previously, Zopa added an energy switching feature. Zopa wants… Read More

Digital Bank Zopa Is Reportedly Planning to Raise £100M at £500M+ Post-Money Valuation IPO, with JPMorgan Advising

Digital bank Zopa will be working with JPMorgan which will serve as an advisor on a £100 million funding round. This, according to a report from Sky News, which noted that investors who have been approached regarding the investment round have been considering a £500… Read More

Zopa Partners with CreditLadder to Help Renters Improve Borrowing Score

Digital bank Zopa has partnered with CreditLadder to help renters improve their credit score thus increasing their eligibility for a Zopa loan. Zopa notes that the integration was accomplished using open banking technology. As renters do not have monthly rental payments added to their credit… Read More

Zopa Tests Work From Home Movement by Allowing Employees to Work from Anywhere Including Abroad

Digital bank Zopa is rolling out a “test and learn approach” for the future of workers by allowing all employees to work from wherever they want – including up to 90 days abroad. COVID has forced most companies to reassess working arrangements as virtual offices… Read More

Open Banking: UK’s Digital Bank Zopa Explains how Consumers Can Benefit from Financial Data-Sharing

Open Banking is about giving users better control over their banking information. Instead of your bank hoarding the details regarding your transactions and account, users are able to decide how and when they want to share these details with other financial services providers and other… Read More

Digital Bank Zopa Raises £20 Million from Existing Investors, Reports £250 Million in Deposits

Zopa, a digital bank, has raised £20 million from existing investors, according to a release from the company. The Fintech said this is an indication of confidence in the initial success of its bank launch and growth of its latest products. The round was led… Read More

Digital Bank Zopa Adds New Feature: Energy Switching and Comparison Service

Digital bank Zopa continues to add new features and services seeking to boost its allure for new and existing consumers. Today, Zopa has announced a new feature that allows its users to compare energy services to lower their monthly cost. Zopa has teamed up with Decision… Read More

UK’s Digital Bank and Online Lender Zopa Aims to Generate Profits in 2021, will Compete with Revolut, Monzo, Other European Challengers

Zopa, formerly a peer to peer lender and now a regulated digital bank, is planning to generate sizable profits in 2021. Jaidev Janardana, CEO at Zopa, will aim to leverage his 15 years+ of experience working in the lending sector to give the platform a… Read More

Digital Bank Zopa Officially Launches First Credit Card Product

Zopa, formerly a peer to peer lender and now a regulated digital bank, has launched its first credit card that is said to be designed to help customers stay in control of their money and their debt. Zopa says its credit card provides a feature called ”Safety Net”  which allows customers to lock… Read More

UK’s Digital Bank and Online Lender Zopa Begins Accepting Credit Card Applications

UK-based Zopa, a digital bank and online lender, has reportedly started accepting credit card applications, as it continues to expand its line of products and services. The company is offering a credit card with annual percentage rates starting from 9.9%, however, there’s a representative APR… Read More

Digital Bank Zopa Now Offers Term Savings Accounts with Interest Rates Over 1%

Zopa, a digital bank and online lender, has published the interest rates affiliated with its savings accounts. According to a note from the Fintech, savers may generate interest from 1.05% to 1.3% – depending on the term. Zopa’s Fixed Term Savings accounts are available today… Read More

As Fintech Zopa Launches UK based Bank, Debt Advice Charity StepChange to Provide Free Debt and Money Management Tools to Customers

UK-based StepChange, a leading debt advice charity, reportedly helps more than 600,000 consumers by offering free-of-cost, “impartial” debt advice every year. The company claims that it sees first hand how talking openly about money management problems can help people, which is why the team at… Read More

Digital Bank Revolut Is Leading the “Re-bundling” Race Among European Financial Technology Firms, Industry Professional Explains

Fintech advisor Efi Pylarinou claims that digital bank Revolut is leading the “re-bundling” race among Europe based financial technology service providers. Pylarinou notes: “As technology [continues to] commoditize products and services at an ever increasing rate, re-bundling catch up is the name of the game… Read More

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