7 years ago

Zopa Secures £44 Million in Funding to Expand Its P2P Lending Platform

  • Zopa, a UK-based peer-to-peer lending platform, has raised £44 million in the first stage of its latest funding round

  • The company plans to use the funds to continue launching new products

  • Zopa was founded in 2005 and has lent £3.5 billion to UK consumers for various needs, including debt consolidation, home improvements, car finance, and weddings

  • The company achieved full-year profitability in 2017.

      • ProblemFinancial Services

      "Zopa aims to address the inefficiencies and limitations of traditional banking systems by directly connecting borrowers and investors through an online peer-to-peer lending platform."

      Solution

      "Zopa provides a platform where individuals can lend money directly to borrowers seeking personal loans, offering competitive rates and a more efficient process compared to traditional banking institutions."

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