Digital bank Zopa will almost double its office footprint as it relocates to new headquarters at 20 Water Street in Canary Wharf.
The bank, which has more than 1.4m customers, again recorded double-digit growth last year as well as increased profitability.
It also raised 拢68m funding led by A.P. Moller Holding, owners of the Maersk shipping and logistics giant and investors in Danske Bank, to power its growth drive.
Zopa鈥檚 office footprint in London will almost double to 44,000 sq. ft in the waterside, state-of-the-art building, in the heart of a bustling business hub.聽
It says the new workspace is designed to foster collaboration and inspire creativity for Zopa鈥檚 900 employees as it readies itself to publicly launch its flagship current account and a GenAI proposition that it says will bring back humanity and warmth into banking.聽
The office will feature two outdoor terraces, a workspace tailored for dynamic teamwork and innovation, and an outstanding BREEAM sustainability rating. The move will also see Zopa erect its own neon sign at the top of the 13-storey building.
鈥淥ur relocation to a brand-new headquarters at 20 Water Street in the heart of Canary Wharf marks a major milestone in Zopa鈥檚 growth journey,鈥� said Iain Kendrick, chief people officer at Zopa.聽
鈥淭his move is more than just a change of address鈥攊t鈥檚 a statement of intent as we change the face of banking in a location previously dominated by the UK鈥檚 established banking players.聽
鈥淎s we continue to scale, investing in a best-in-class workspace reinforces our ambition, culture, and commitment to attracting and retaining top talent.鈥澛�
In just over four years Zopa has secured its banking licence and launched unsecured personal loans, BNPL retail finance and POS, car finance, credit cards, savings accounts, and tools for improved financial management and health.
To date it has attracted 拢5.5bn in savings deposits and currently has just over 拢3bn of loans on its balance sheet.聽
It recently partnered with the UK’s largest electricity supplier Octopus Energy to enter the UK鈥檚 拢23bn renewable energy market, and with the retail giant John Lewis to offer personal loans directly to its 23m customers.聽