Tagged: zopa

September 6, 2020 @ 6:42 pm By Omar Faridi  |  

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

August 24, 2020 @ 9:03 am By JD Alois  |  

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

August 18, 2020 @ 6:41 pm By Omar Faridi  |  

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

August 7, 2020 @ 6:14 pm By Omar Faridi  |  

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

August 2, 2020 @ 9:49 pm By Omar Faridi  |  

Laura Whateley, a real money management correspondent at Zopa, a Fintech lender and digital bank, notes that at the beginning of the COVID-19 pandemic, it wasn’t really clear how our finances would be affected, and that might still be the case for many individuals and… Read More

July 28, 2020 @ 7:52 am By Omar Faridi  |  

Fintech lender and digital bank Zopa has provided rates for its fixed-term savings accounts and noted that current investors that express interest will get a chance to receive exclusive products. Zopa clarifies that these rates are available only to investors and not necessarily what will… Read More

July 22, 2020 @ 11:44 pm By Omar Faridi  |  

Fintech lender and digital bank Zopa has reportedly partnered with UK-based Paylink Solutions, a software developer that provides solutions for the lending and mortgage industries. Zopa, which was recently awarded a full bank license, confirmed that it would be using Paylink’s cloud-powered online income and… Read More

July 16, 2020 @ 8:50 pm By Omar Faridi  |  

The peer to peer lending (P2P) sector in the UK is currently going through one of its biggest challenges ever, because of the COVID-19 outbreak. Jaidev Janardana, CEO at Zopa, believes a large number of Fintech businesses will be forced to shut down during the… Read More

July 3, 2020 @ 12:53 pm By Omar Faridi  |  

Nearly a third or 33% of UK residents say they were financially unprepared for the COVID-19 outbreak and resulting challenges. Around 38% of UK residents responding to a survey conducted by Fintech Zopa said they’re now preparing their savings for another potential emergency situation that… Read More

June 23, 2020 @ 7:01 pm By JD Alois  |  

After an extensive regulatory journey, Zopa has been awarded a full bank  license as it transitions from a top online lender to a Fintech offering a growing portfolio of financial services. Zopa Bank will sit alongside its existing peer to peer business (Zopa Limited), as part… Read More

May 24, 2020 @ 10:54 pm By Omar Faridi  |  

Fintech Zopa, the one platform to launch an entire sector of Fintech as it became the first peer to peer lending platform in the UK, recently reintroduced C risk loans back into its Plus product offering. Zopa, which still offers online lending in a more… Read More

April 25, 2020 @ 6:53 pm By Omar Faridi  |  

Fintech Zopa, which offers online lending services in a fund based fashion, has warned that scammers have been taking advantage of the current situation. According to a report from Action Fraud, victim losses due to the fraudulent activity related to the Coronavirus (COVID-19) in March… Read More

April 13, 2020 @ 8:55 am By Omar Faridi  |  

Fintech Zopa, which provides online lending services in a fund based fashion, notes that during these challenging times, the company has noticed how peer-to-peer (P2P) platforms have taken varied approaches to mitigate the disruption caused by the Coronavirus (COVID-19) outbreak. The Zopa team explains that… Read More

March 29, 2020 @ 12:22 pm By Omar Faridi  |  

Fintech Zopa, which recently celebrated 15 years of operation, says that its services are up and running, even during the coronavirus (COVID-19) outbreak. Zopa, which provides online lending services in a fund based fashion, notes in a blog post that customers can access their loan… Read More

March 23, 2020 @ 12:13 pm By JD Alois  |  

For a long time, Fintechs were viewed as slicing and dicing various services that banks and other financial services firms provided as part of a cafeteria of offerings. Take online lending for example, marketplaces and direct lenders targeted SME loans and consumer credit as a… Read More

March 13, 2020 @ 8:20 am By JD Alois  |  

Starling Bank, a digital-only bank, has been voted ‘Best British Bank’ for a third consecutive year at the British Bank Awards. Other Fintechs were on the list too. Revolut, another digital bank, was recognized as the “Innovation of the Year.” Monzo was noted as offering… Read More

March 10, 2020 @ 9:30 am By JD Alois  |  

Fintech Zopa is celebrating 15 years of operation. Founded in 2005, Zopa was the one platform to launch an entire sector of Fintech as it became the first peer to peer lending platform in the UK. Today, Zopa still offers online lending in a more… Read More

February 17, 2020 @ 10:10 am By JD Alois  |  

UK based digital bank Starling Bank is investing in P2P loans originated on the Zopa platform, according to a report in AltFi. The write-up quotes a Starling Bank representative that explained the arrangement: “Starling is in a unique position among neobanks of having a very… Read More

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