Zopa reaches £3 billion in deposits
Congratulations to Jaidev Janardana and the Zopa team for reaching £3 billion in deposits across Smart Saver and Fixed Term Savings.
Having made its name as a P2P lending pioneer, Zopa pivoted two years ago to become a traditional bank, hitting profitability last April and the £2 billion deposit mark in August. The bank, which has garnered 800,000 customers, attributed the lift in deposits to its attractive suite of easy access and fixed term savings accounts.
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