Tagged: jaidev janardana

Zopa, ClearScore Initiative Pledge2025 Tops 10 Million “Actions Campaign Goal”

Digital bank Zopa and ClearScore report they have surpassed 10 million consumer actions that aim to boost the financial resilience of UK consumers as part of the 2025 Fintech Pledge. The coalition also hit 50 partners with the addition of SalesForc. The Fintech Pledge had… Read More

UK’s Digital Bank Zopa Secures £75M, Exceeds 1M Customers

Digital bank Zopa has raised £75 million ($95m) in Tier 2 capital in order “to further accelerate its growth, supporting its vision to become Britain’s best bank.” The funding will ” fuel Zopa’s continuous growth and expansion.” It brings the total capital raised by Zopa… Read More

Digital Banking: Zopa Bank Appoints Deutsche Bank’s Former People Chief to Board

Digital bank Zopa has announced the appointment of Pippa Lambert to its Board, pending regulatory approval. A senior leader “with 25 years of experience at high growth, listed companies, Pippa will Chair Zopa’s Remuneration Committee and oversee the bank’s people agenda including culture, rewards and… Read More

UK’s Digital Bank Zopa Acquires BNPL DivideBuy in 2023 Embedded Finance Push

Zopa has announced the acquisition of buy now – pay later (BNPL) platform  DivideBuy. Terms of the transaction were not immediately available. Zopa recently raised £75 million as it gears up for the possibility of more acquisitions. The acquisition is expected to complete in the… Read More

UK’s Digital Bank Zopa Secures £75M to Accelerate Growth in 2023

Digital bank Zopa has raised £75 million ($93m) in order “to drive its next phase of growth, supporting its vision to become Britain’s best bank.” The deal cements and markedly “enhances Zopa bank’s Unicorn status, and was led by existing investors.” The proceeds from the… Read More

Zopa: Pledge2025.org Doubles, Now Has 22 Fintechs

Zopa reports that ten more companies have joined the 2025 Fintech Pledge or pledge2025.org, which was launched in September aiming to tackle the UK’s cost-of-living challenge. In brief, the organization as grown to 22 since the last announcement in October. The ten new members are… Read More

Zopa, Others Aim to Combat Cost of Living Challenge: 2025 Fintech Pledge

A Zopa-led coalition of Fintechs has joined to “combat the UK cost-of-living crisis.” Announced today, ten new members have been added to The 2025 Fintech Pledge or Pledge2025.org. The pledge, launched in September 2022, aims to drive 10 million consumer actions by 2025 that build… Read More

Digital Bank Zopa Partners with ClearScore in Move to Improve Financial Resilience for Users

Zopa, a leading digital bank, has partnered with credit marketplace ClearScore to improve users “financial resilience” as inflation rockets higher, diminishing the purchasing power of the population. Zopa notes that inflation is predicted to hit 13% with no end in sight for the financial pain…. Read More

Zopa Bank is Now Profitable, Predicts Ongoing Profitability

Zopa Bank, previously Zopa the P2P or Marketplace lender, is now profitable according to a note from the company. The news arrives 21 months after Zopa was approved to operate as a digital bank in the UK. Zopa did not provide details as to how… Read More

Zopa Bank Appoints Graham Robinson, Previously at Monzo, as its New Chief Risk Officer

UK’s digital bank Zopa has appointed Graham Robinson as its new Chief Risk Officer. Graham joins Zopa as it “completes its successful first year as a digital bank and sets its sights on further growth,” according to an update shared with CI. With more than… Read More

Digital Bank Zopa Raises $300 Million, Expects to be Profitable within Weeks

Zopa, a digital bank that started as a peer-to-peer lender, has raised $300 million (£220 million) in a funding round that reportedly gives the Fintech a $1 billion valuation. The deal is currently in the process of receiving regulatory approvals from UK regulators.  JP Morgan… Read More

UK based Digital Bank Zopa Appoints Helen Beurier as Chief People Officer Ahead of 2022 IPO

Digital bank Zopa has confirmed the appointment of Helen Beurier as its first Chief People Officer. With more than 25 years of professional experience across some of the largest FMCG, retail, and pharma household names, Helen brings “a wealth of experience to the digital bank… Read More

Digital Bank Zopa Raises £20 Million from Existing Investors, Reports £250 Million in Deposits

Zopa, a digital bank, has raised £20 million from existing investors, according to a release from the company. The Fintech said this is an indication of confidence in the initial success of its bank launch and growth of its latest products. The round was led… Read More

Fintech Lender and Digital Bank Zopa CEO Jaidev Janardana Claims it’s been “Business as Usual” Despite COVID-19 Outbreak

The peer to peer lending (P2P) sector in the UK is currently going through one of its biggest challenges ever, because of the COVID-19 outbreak. Jaidev Janardana, CEO at Zopa, believes a large number of Fintech businesses will be forced to shut down during the… Read More

Zopa Becomes a Bank. Fintech Announces Approval of Full Bank License as it Moves Beyond Online Lending

After an extensive regulatory journey, Zopa has been awarded a full bank  license as it transitions from a top online lender to a Fintech offering a growing portfolio of financial services. Zopa Bank will sit alongside its existing peer to peer business (Zopa Limited), as part… Read More

Future Digital Bank & P2P Lender Zopa Raises £60 Million, Plans for Expansion [u]

Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More

Zopa CEO Jaidev Janardana Welcomes FCA Regulatory Review of P2P Lending

This past Friday, the UK Financial Conduct Authority (FCA) finally released their review of the crowdfunding industry regulations. While the investment crowdfunding sector (equity crowdfunding) came away mostly unscathed the loan based sector (or peer to peer lending) took a bit of a lashing. The… Read More

Zopa Announces £1.5 Million Profit; Revenues Raise By 40% to £46.5 Million

Peer-to-peer lending platform Zopa announced on Monday its 2017 profit after tax of £1.5 million for its online lending business. According to the Fintech, 2017 was a year of strong and sustainable growth, with the year’s revenue being £46.5 million – an increase of 40%… Read More

Seen and Heard at LendIt Europe: The Future of Finance

LendIt Europe took place in London earlier this week with around 1000+ attendees participating including a good showing of regular suspects and an emerging group of early stage, aspiring Fintech firms. For both presenters and attendees the backdrop of the Brexit decision and the uncertainties… Read More

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