Zopa, the UK neobank, hits 1M customers and raises another $93M

In 2021, U.K. neobank Zopa, which has been around since 2004, leapt to a $1 billion valuation on the back of a big investment from SoftBank and a plan to go public by 2022. Now it’s 2023, and Zo

Zopa, the UK neobank, raises $93M more at a $1B+ valuation

After raising $300 million in a round led by SoftBank back in 2021, U.K. neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending se

Zopa raises $300M at a $1B valuation to expand its P2P lending and savings neobank in the UK

Another big infusion of cash from a major investor is making its way to a fintech out of the U.K. on the heels of strong growth. Today Zopa — a neobank with some 500,000 users in the U.K. where

Zopa granted full UK bank license as it gears up to launch savings account and credit card

Zopa, the 15-year-old peer-to-peer lending company, is announcing that it has been awarded its full U.K. bank licence, as it gears up to launch a fixed-term savings account, followed by a credit car

Zopa, the UK P2P lending company, secures bank license

Zopa, the U.K. peer-to-peer lending company that wants to become a bank, has been awarded a bank license by the U.K.’s financial regulators, the Financial Conduct Authority (FCA) and Prudential

Zopa, the UK P2P lending company, closes £60M round on path to launching a bank

Obtaining a banking license and then launching an actual new retail bank requires capital. A lot of capital. Enter Zopa, the U.K. peer-to-peer lending company that wants to become a bank, which today

What does leaving the EU’s Digital Single Market mean for UK startups?

What does leaving the EU’s Digital Single Market (DMS) mean for UK startups? No one actually knows. That’s why three UK VCs are backing an initiative to assess the impact of what leaving the D

The mercurial nature of P2P lending

The meteoric rise of e-lending platforms attracted a lot of interest among investors and entrepreneurs. Lending Club and OnDeck have already become public companies, and their competitors, such as Fun

J.P. Morgan, OnDeck And The Future of Alternative Lending

Earlier this month, J.P. Morgan announced a strategic partnership with OnDeck Capital to originate, underwrite, and distribute loans targeted specifically at small businesses. As evidenced by a 28%

230 Entrepreneurs Rebuke UK Gov Plans To Curb Migration For Tech Talent

Plans by the UK government to curtail the number of skilled tech workers allowed into the country have received a stinging rebuke from over 200 of the UK’s most successful technology entrepreneurs.

P2P Lending Pioneer Zopa Closes $25m From Hedge Fund For UK Expansion

<a target="_blank" href="http://Zopa.com">Zopa</a>, at nine years the world's oldest and largest peer-to-peer lending company, has closed a £15m ($25m) funding round from Arrowgrass Capital Partners,

After Raising £3.5M Pre-Launch, Lending Works Opens Its P2P Loans Business In UK

A new UK startup is giving P2P lending a go. Competing most directly with Zopa, and RateSetter, London-based <a target="_blank" href="http://www.lendingworks.co.uk/">Lending Works</a> has opened for b

British Government Boards The P2P Lending Train: Plans To Loan £30M Through Funding Circle, Zopa

Despite bailing them out (and practically owning some of them), the UK government seems unable to force high street banks to begin lending to small businesses again and this is causing a big problem f

As UK Gov Eyes Up Regulation, P2P Lender Zopa Raises “Multi-Million Pound” Round Led By Augmentum Capital

<a target="_blank" href="http://www.zopa.com/" title="Zopa">Zopa</a>, the oldest of P2P lending sites, certainly in the UK, has announced that it's raised a new "multi-million pound" round led by Augm

P2P lending site RateSetter sees £1m lent in two months since launch

<img src="http://eu.beta.techcrunch.com/wp-content/uploads/logo10.png" alt="" title="logo" width="194" height="136" class="shot" /><a href="http://www.ratesetter.com">RateSetter</a>, the UK peer-to-pe

Social lending platform Funding Circle launches as a Zopa-for-SMEs

<img src="http://eu.beta.techcrunch.com/wp-content/uploads/fc-logo-header.jpg" alt="" title="fc-logo-header" width="286" height="77" class="shot" /><a href="http://www.fundingcircle.com">Funding Circl

SEC Greenlights Prosper; P2P Lending Resumes In 14 States, More Coming

<a href="http://www.prosper.com/"><img src="https://techcrunch.com/wp-content/prosper-logo.png" width="165" height="33" /></a>Good news for P2P lending and trading platform <a href="http://www.prosper

P2P Lending Marketplace Prosper Gets Off The Bench, Debuts Open Market Initiative

<a href="http://www.prosper.com/"><img src="https://techcrunch.com/wp-content/prosper-logo.png" width="165" height="33" /></a><a href="http://www.prosper.com/">Prosper</a>, the people-to-people lendin

Prosper And Other P2P Lenders Get Squeezed By The Credit Crunch

<a href="http://www.lendingstats.com/membershipGrowth"><img src="https://techcrunch.com/wp-content/uploads/2008/10/prosper-lending-stats.png" /></a> <a href="http://www.prosper.com/">Prosper</a> and

P2P Loans GainingTraction. Lending Club Goes Nationwide

Despite sub-prime loan worries rocking the economy, peer-to-peer loans are gaining some traction. You’d think loans between individuals would be much riskier than loans from a bank, but it turns
Load More