Zopa Raises £60M in Funding

zopaZopa, a London, UK peer-to-peer lender, raised £60m in funding.

The investment round included a mix of new and existing investors. The capital brings to a close a funding round which began earlier this year. The first stage brought in an initial £44m.

The company intends to use the funds to launch its next generation bank soon and expand its product offering.

Founded in 2005 and led by Jaidev Janardana, CEO, Zopa is a peer-to-peer lending platform which has enabled nearly half a million people to receive personal loans or grow their money. To date, it has lent more than £3.7bn in unsecured personal loans to customers in the UK.



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