Peer-to-peer lender Zopa saw its revenues double last year as more savers and borrowers used its platform – but its losses also doubled as the business hired more staff to prepare for its planned future growth.

Revenues jumped from £5.4m in 2013 to £11.5m in 2014, according to the innovative finance firm’s latest set of financial statements. But at the same time its costs jumped, sending its losses up from £2.6m to £5.6m.

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