Zopa, a London, UK-based digital financial institution firm, raised €80M in Fairness funding.
The spherical was led by A.P. Moller Holding, with participation from present traders.
The corporate intends to make use of the funds to launch its flagship present account in 2025 and its GenAI proposition.
Led by CEO Jaidev Janardana, Zopa is a digital financial institution with 20 years of lending experience, having lent greater than £13B to shoppers within the UK up to now. In 4 years, Zopa has secured its banking license, grown to 1.3 million prospects, achieved profitability and launched present accounts, unsecured private loans, point-of-sale, automotive finance, bank cards, financial savings accounts, and instruments for improved monetary administration and well being.
Since launching its financial institution in 2020, Zopa has attracted greater than £5B in deposits and at present has £3B loans on stability sheet. It has near 850 staff and one of many highest worker satisfaction scores within the UK fintech trade.
FinSMEs
06/12/2024
