础听P2P lender which听obtained its banking licence last year has raised 拢20 million from its听existing investors.听听
Zopa听was launched in 2005听as听a peer-to-peer lender and听was awarded its full banking鈥痩icence in June 2020.听
Zopa has launched听fixed听term听savings accounts and a credit card to UK consumers听alongside听its听personal loans and auto finance solution.听听听
The digital bank has already attracted over 拢250m in deposits and become a top 10 credit card issuer in the UK in terms of new customers originated.听听
Zopa has seen annualised revenue per customer almost doubling across the period since launch.听听
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鈥淟ess than a year since launching our bank, we have exceeded our plan for growth, both in terms of customers and balance sheet,鈥� said CEO Jaidev Janardana.听
鈥�This capital injection will enable us to听continue on this accelerated path. Our strong entry to the UK savings and credit card markets shows the organic appeal of our products and we are happy to have investors who share our excitement at the opportunity to serve more customers across more product categories.鈥澨�听
To date, Zopa has leant听more than听拢5bn to low-risk UK customers via its unsecured loans, credit cards and car finance products.听听听
The round was led by IAG听Silverstripe, with participation from听a number of听investors including听Augmentum, Waterfall managed Alternative Credit Investments and Venture Founders.听