Zopa

we invest in: Interactive Inspector

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.

Partners since 2012

Sectors

Banking & Investment

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Website

www.zopa.com

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© 2019 Augmentum Fintech Management Ltd. All rights reserved.

Registered in England and Wales, company no. 11194408

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Rahil Patel

Rahil is an Analyst at Augmentum. He joined the fund full-time following a Summer internship in 2018.

Prior to Augmentum, Rahil studied Geography at Durham University and has previously worked with Mayfair Insurance Company and Sipsmith Gin.

When he is not curating the office Alexa playlist, Rahil tries to keep up with his passion for DJing that began at university.

Learn more about Rahil in this blog post.

Georgie Hazell

Georgie heads up engagement at Augmentum, which involves supporting portfolio companies, engaging with investors and the wider fintech ecosystem (including marketing and events), and supporting the team internally.

Georgie has worked in a number of startups across people, strategy and growth leadership positions. Following her MBA and a consultancy project with Crowdcube, Georgie moved into venture capital.

Passionate about diversity and inclusion, particularly in VC and entrepreneurship, Georgie founded women in tech network Elevate, led on UK expansion for Her Campus Media, volunteers with Diversity VC and mentored with The Girls Network.

Ellen Logan

Ellen is an Associate at Augmentum. Prior to joining Augmentum, Ellen was an Associate Consultant at OC&C Strategy Consultants and worked at people analytics startup Bunch in Berlin. Ellen studied Economics at Edinburgh University.