Zopa bank, a London, UK-based fintech company providing digital first credit cards, loans, and saving products, raised £75 million ($93m).
The company intends to use the funds to meet the capital requirements of its balance sheet, and to support M&A dealmaking.
Launched in 2020, by Jaidev Janardana, CEO, Zopa bank provides fixed term savings backed by FSCS protection and a credit card to help customers take control of their finances. They added to existing peer-to-peer (P2P) lending services, giving customers access to loans built for real-life and intelligent investments backed by tech. The company has attracted £3 billion in deposits, more than £2bn of loans on balance sheet, and issued more than 400,000 credit cards.
FinSMEs
03/02/2023