
Zopa Stock
Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees.
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About Zopa Stock
Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen. It works in the following way: the company first categorizes borrower credit grades with an A*, A, B, C, or Y rating; then lenders make offers that vary by money amount and time period for persons with a certain credit grade, and borrowers can then agree the aggregate offered rate. Zopa takes on such responsibilities as distributing money between parties, completing the legal paperwork, performing borrower identity/credit checks, and employing a collections agency that chases missed payments for the lender. Zopa also mitigates risk for lenders by enforcing monthly direct debit repayment, making borrowers sign a legal contract, and allowing lenders to lend small chunks of money to individual borrowers (i.e. someone lending £1000 would have their money spread across say, 100 borrowers). The company itself makes money by charging a fixed fee for borrowers and a 1% annual fee for lenders. Zopa has received public acclaim as well, having been awarded CNET Technology Awards' 2006 Internet Innovation of the Year, the 2007 Webby Award for Best Banking/Bill-Paying Website, the 2008 Webby Award for Financial Services, the Banker 2007 Award for Best Internet Project, and Moneywise 2009 Awards for Best Customer Service and Best Personal Loan. One of the three initial members of the UK's Peer-to-Peer Finance Association, together with FundingCircle and RateSetter. Other P2P lending services include [Lending Club](http://www.crunchbase.com/organization/LendingClub), [Prosper](http://www.crunchbase.com/organization/Prosper), and [Kiva](http://www.crunchbase.com/organization/Kiva).
Funding History
June 2004 | $12.0M |
---|---|
January 2005 | $1.0M |
March 2006 | $15.0M |
July 2006 | $5.0M |
March 2007 | $12.9M |
January 2014 | $15.0M |
December 2015 | $70.0M |
June 2017 | $32.0M |
August 2018 | $44.0M |
November 2018 | $16.0M |
December 2019 | $130M |
March 2021 | $20.0M |
October 2021 | $300M |
Management
Group CEO
Jaidev Janardana
Director
Charles Birnbaum
Technical Lead
Robert Firek
Chief Innovation Officer
Didier Baclin
Chief People Officer
Helen Beurier
Chief Customer Officer
Clare Gambardella
Board Member
Peter Herbert
Head Of Data Science
Jiahang Zhong
Chief Finance Officer
Steve Hulme
Board Member
Michael Woodburn
Head of Partnerships & Business Development
Ed Massey
Chief Risk Officer
Amy Fisher
Board Member
Nick Aspinall
Co-founder & Director
Giles Andrews
Chief Technology Officer
Andrew Hawkins
Board Member
Gordon McCallum
Chief of Staff & Head of Strategy
Merve Arslan Ferrero
Board Member
Jaidev Janardana
Board Member
Christine Farnish
Chief Technology Officer
Ronen Benchetrit
Board Member
Jeppe Zink
President
Jonathan Kramer
Chief Product Officer
Andrew Lawson
Chief Risk Officer (CRO)
Graham Robinson
Board Member
Richard Goulding
Board Member
Giles Andrews
Operations Director
Caroline Mills
CEO
Natasha Wear
Board Member
Chris Jones
Board Director
Tim Levene
Press
TechCrunch - Feb, 2 2023
Zopa, the UK neobank, raises $93M more at a $1B+ valuationTechCrunch - Oct, 19 2021
Zopa raises $300M at a $1B valuation to expand its P2P lending and savings neobank in the UKEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
Some data provided by Crunchbase