Fintech lending pioneer, Zopa, raised £44 million from a group of investors last week that led to Augmentum receiving a £3.5 million boost. This was Zopa’s ninth funding round since launch in 2005 and raised its valuation to £350 million. Zopa intends to use the money to launch a retail bank, a move designed to broaden its funding sources at a time when the City regulator is tightening its oversight of peer-to-peer lending and crowdsourcing.

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