Digital bank Zopa has revealed its plans to build a 500-strong workforce in Manchester, as it launches its regional expansion outside of London.
The FinTech, which already serves 1.5 million customers, has opened an office at Dalton Place and is starting with more than 50 hires across retail finance, product, engineering and specialist operations.聽
Over time, it expects to scale tenfold, creating more than 500 jobs and drawing talent from Manchester鈥檚 universities and its digital ecosystem.
Mayor of Greater Manchester Andy Burnham was among the attendees at a launch event and welcomed the move.
鈥淶opa鈥檚 decision to establish a new base in Manchester is another massive vote of confidence in our city region鈥檚 digital and tech sector,鈥� he said.聽
鈥淚t was fantastic to hear about their exciting plans to create 500 jobs and open up opportunities for people across Greater Manchester.
鈥淥ur city region has the fastest growing digital and tech hub in the UK and FinTech has been recognised as one of our emerging strengths, with Zopa the latest addition to the sector.聽
鈥淲e鈥檙e making Greater Manchester a great place to do business by offering a supportive ecosystem and access to the talent businesses need to grow.鈥�
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Zopa CTO Peter Donlon explained that Manchester was chosen over five other potential locations due to the strength of its tech ecosystem and talent pipeline.聽
He also noted that 85% of Zopa鈥檚 customer base is outside London, making Manchester a natural fit for expansion.
The investment comes amid rapid growth for the bank.聽
In the first half of 2025, the business tripled profitability year-on-year, driven by 拢3.4 billion in gross lending and 拢5.4bn in retail deposits.聽
It has also launched its flagship bank account Biscuit, acquired payments platform Rvvup to boost its embedded finance offering and expanded into point-of-sale finance through the acquisition of DivideBuy.
Joe Manning, MD of MIDAS, added: 鈥淲ith plans to create up to 500 jobs over time, starting with more than 50 employees at Dalton Place, the investment will deliver significant economic impact for Greater Manchester residents and the local economy.鈥�