Tagged: zopa

October 27, 2022 @ 12:28 pm By JD Alois  |  

A Zopa-led coalition of Fintechs has joined to “combat the UK cost-of-living crisis.” Announced today, ten new members have been added to The 2025 Fintech Pledge or Pledge2025.org. The pledge, launched in September 2022, aims to drive 10 million consumer actions by 2025 that build… Read More

September 21, 2022 @ 9:09 am By JD Alois  |  

Zopa, a leading digital bank, has partnered with credit marketplace ClearScore to improve users “financial resilience” as inflation rockets higher, diminishing the purchasing power of the population. Zopa notes that inflation is predicted to hit 13% with no end in sight for the financial pain…. Read More

August 25, 2022 @ 9:13 am By JD Alois  |  

Young digital bank Zopa has surpassed £2 billion in deposits. The bank claims to be one of the fastest challenger banks to top this milestone. Zopa Bank is authorized and regulated by the Prudential Regulation Authority and by the Financial Conduct Authority. Zopa started its… Read More

June 8, 2022 @ 8:18 am By JD Alois  |  

While most of the news was swirling around Apple’s (NASDAQ:AAPL) new buy now – pay later (BNPL) product that allows its users to pay in four equal payments over 6 weeks, digital bank Zopa has announced its spin on BNPL with a focus on big-ticket items. The… Read More

May 4, 2022 @ 9:15 am By JD Alois  |  

Zopa’s “Smart Saver” savings account feature has topped £115 million in 65 days, according to a note from the Fintech. Currently, savers earn 1.455% interest (AER) on these accounts. Zopa’s goal is to create a £225 billion “zombie money” sitting idle in UK current accounts… Read More

April 4, 2022 @ 9:40 am By JD Alois  |  

Zopa Bank, previously Zopa the P2P or Marketplace lender, is now profitable according to a note from the company. The news arrives 21 months after Zopa was approved to operate as a digital bank in the UK. Zopa did not provide details as to how… Read More

February 23, 2022 @ 8:48 am By JD Alois  |  

Zopa, a digital bank, has launched a new, branded savings product called “Smart Saver.” The savings vehicle currently offers a 0.72% return for “immediate access to savings,” a return which is said to be 72 x the standard high street offering during a time of… Read More

February 22, 2022 @ 8:09 am By Omar Faridi  |  

In line with industry regulation, online payments with the Zopa Credit Card are becoming a lot more secure, with the addition of “a new layer of security,” according to an update from UK’s digital bank Zopa. You may start noticing this change from 14 February… Read More

February 15, 2022 @ 9:09 am By JD Alois  |  

Zopa Limited has filed several new documents on Companies House with one indicating a new person with significant control. According to the document, Plata Holdings UK Limited now holds 75% or more of the shares in the company including voting rights. The document was filed… Read More

January 19, 2022 @ 8:56 am By Omar Faridi  |  

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

December 30, 2021 @ 11:10 am By Omar Faridi  |  

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

November 3, 2021 @ 8:32 am By Omar Faridi  |  

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

October 28, 2021 @ 9:51 am By JD Alois  |  

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

October 18, 2021 @ 7:13 pm By JD Alois  |  

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

October 14, 2021 @ 8:08 am By Omar Faridi  |  

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

September 19, 2021 @ 10:12 pm By Omar Faridi  |  

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

September 1, 2021 @ 8:49 am By JD Alois  |  

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

July 26, 2021 @ 10:22 am By Omar Faridi  |  

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

June 17, 2021 @ 7:36 am By JD Alois  |  

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

May 27, 2021 @ 7:09 am By JD Alois  |  

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