3 years ago

Zopa Secures £75 Million to Fuel Growth and Eye Potential IPO

  • UK challenger bank Zopa has raised £75 million in a late-stage VC round led by IAG Silverstripe, with participation from Augmentum Fintech and Davidson Kempner Capital Management LP

  • The company plans to use the funding to further grow its balance sheet, pursue M&A opportunities, and prepare for a potential IPO in London once market conditions improve

  • Zopa, which became profitable in 2022, is focused on responsible lending and achieving strong unit economics.

      • ProblemFinancial Services

      "Traditional banks often lack flexibility and customer-centric approaches, making it difficult for consumers to find suitable financial products and services."

      Solution

      "Zopa offers a digital banking platform that provides a range of financial products, including loans and savings accounts, with a focus on customer experience and innovative technology."

      Covered on