Zopa, 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.
FinSMEs
09/11/2018