Founded in 2005, Zopa built the first peer-to-peer (P2P) lending company to give people access to simpler, better-value loans and investments. Our previous fund Augmentum Capital first invested in 2012 at which point loan disbursals in the previous 12 months had been less than £50 million. By the time that Augmentum Fintech invested in March 2018, loan disbursals had grown at a compound annual growth rate of 61 per cent, reaching approximately £1 billion in 2017 with more than £3 billion lent to UK customers so far.
In 2017 Zopa launched their Innovative Finance ISA (IFISA) and in 2018 they were granted their full UK banking licence. The company has generated positive returns every year through-the-cycle and their proprietary technology has contributed to their leading digital acquisition position. New products include a fixed term savings product protected by the Financial Services Compensation Scheme (FSCS), a credit card and a money management app.
Zopa has won multiple awards including ‘Most Trusted P2P Platform for Borrowers and Investors’ (2016, 2017, 2018) at the Moneywise Customer Service Awards, ‘Best Personal Loan Provider’ (2017, 2018, 2019) and ‘Best Alternative Finance Provider’ (2017, 2018) at the British Bank Awards and ‘Personal Loan Provider of the Year’ (2019) at the Moneyfacts Consumer Awards.
Zopa’s institutional backers include Bessemer Venture Partners, Arrowgrass, Northzone and Wadhawan Global Capital among others.