2 years ago

Zopa Secures £75 Million Debt Funding as it Awaits IPO

  • Zopa, a UK-based challenger bank, has raised £75 million in debt funding from existing investors

  • The company is waiting for favorable market conditions to proceed with an IPO

  • Zopa plans to use the funds for rapid growth without diluting its equity position

  • The bank has been making preparations for its public listing, including bolstering its executive team and acquiring the BNPL firm DivideBuy in February

  • Zopa's financial results show a halving of pre-tax losses to £23.8 million.

      • ProblemFinancial Services

      "Making the mortgage market more accessible and efficient for customers"

      Solution

      "Zopa's AI-powered lending technology provides faster and more accurate credit assessments, allowing it to offer more competitive interest rates and a wider range of financial products"

      Covered on