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Articles by Jaidev Janardana
Digital Bank Zopa Raises €80 Million to Accelerate Growth Ahead of 2025 Current Account Launch
Digital bank Zopa has raised just over €80 million (GBP £68 million) in an equity funding round led by A.P. Moller Holding, with significant participation from existing investors. A.P. Moller Holding is one of the largest direct investors in Denmark with $32 billion of Net Asset Value. Its objective is to build and develop businesses by driving long-term value and growth through engaged and valued ownership.
Zopa & ClearScore-Led Campaign Pledge2025.org Surpasses 15 Million Actions Milestone in Bid to Build the Financial Resilience of UK Consumers
The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective.
Zopa Bank Reports First Full Year Profit
Digital bank Zopa today reports its first full year of profitability. Launched in June 2020, the milestone makes Zopa one of the fastest digital banks in the UK to turn an annual profit. Zopa Bank swung to a pre-tax profit of £15.8 million for the financial year ending 31 December 2023 from a pre-tax loss of £26 million for the year ending 31 December 2022. Total operating income for the same period to 31 December 2023 was £222 million, up 47.8% year-on-year.
Zopa & ClearScore-led coalition pledge2025.org crosses 10 million actions campaign goal as cohort welcomes 50th member Salesforce
The 2025 Fintech Pledge has successfully fulfilled its campaign objective to help millions of UK consumers strengthen their ability to withstand an economic shock. Launched by Zopa Bank and ClearScore in September 2022, the now 50-strong industry coalition first pledged to drive 10 million consumer actions by 2025 that build up the financial resilience of UK consumers. The 10 millionth action was completed last month, 24 months before the campaign’s end date of December 2025.
Digital bank Zopa raises £75 million to accelerate its growth
Digital bank Zopa has raised £75 million ($95m) in Tier 2 capital to further accelerate its growth, supporting its vision to become Britain’s best bank. The funding will be used to fuel Zopa’s continuous growth and expansion. It brings the total capital raised by Zopa Bank to £530 million, with £150 million raised in 2023 alone.
Zopa Bank Appoints Deutsche Bank’s Former People Chief to Board
Digital bank Zopa has announced the appointment of Pippa Lambert to its Board, pending regulatory approval. A senior leader with 25 years of experience at high growth, listed companies, Pippa will Chair Zopa’s Remuneration Committee and oversee the bank’s people agenda including culture, rewards and recognition as it matures and enters its next phase of growth. Pippa currently serves on the Board of Aviva PLC and is a member of the UK government’s Senior Salaries Review Board (SSRB).
Zopa acquires DivideBuy in 2023 embedded finance push
Zopa is set to acquire DivideBuy’s point-of-sale (POS) finance technology and lending platform. The transaction, which will complete in the next few months, marks Zopa’s first acquisition. Embedded finance is a $7.2 trillion opportunity globally, according to Dealroom. The deal is expected to increase Zopa’s revenue by at least 20% in the next few years. This move is a response to the consumer need to simplify their finances.
Digital bank Zopa raises £75 million to accelerate growth and spearhead 2023 M&A push
Digital bank Zopa has raised £75 million ($93m) in funding to drive its next phase of growth, supporting its vision to become Britain’s best bank. The deal cements and markedly enhances Zopa bank’s Unicorn status, and was led by existing investors. The funding will be used to meet the capital requirements of Zopa bank’s growing balance sheet, and to support M&A dealmaking that could kick off as early as this quarter.
Zopa-led coalition pledge2025.org DOUBLES in size with 22 fintechs now working together to tackle UK cost-of-living crisis
Ten more companies have joined the 2025 Fintech Pledge (pledge2025.org) that was launched in September to help tackle the UK’s cost-of-living crisis. The second wave of expansion comes off a period of growth, with the new member base doubling to 22 since the last expansion announcement in late October.
Pledge2025.org coalition welcomes 10 new members to tackle UK cost-of-living crisis in first wave of expansion
Ten new members have joined the 2025 Fintech Pledge to help tackle the UK’s cost-of-living crisis. They add their capabilities to those of a coalition of UK fintechs and their industry partners who have teamed up to help Britons across the country combat the rising cost of living.
Zopa receives full FCA authorisation
LONDON, 11.05.17: Zopa, the pioneering financial services business, announces that it has today been granted full authorisation by the FCA for peer-to-peer lending (Article 36H). Giles Andrews, co-founder and Chairman of Zopa commented: “Zopa, both individually and as a founder member of the Peer-to-Peer Finance Association (P2PFA), has campaigned for peer-to-peer lending to be a regulated activity for a number of years.
Why we're building a bank | Zopa Blog
In November, we announced our intention to launch a next generation bank. This week, at AltFi Europe, I spoke about why we are uniquely placed to do this, how we see our banking products fitting into the personal finance landscape and how this fits into Zopa’s vision. Over the last 12 years, we’ve built a profitable, scalable, and viable business.
Zopa announces plan to launch “Next Generation” Bank
We launched Zopa in 2005 to create a richer life for everyone by making money simple and fair. Since then, we have lent over £1.8bn, inspired a £100bn global industry and helped our lenders earn over £75m of interest. We have built a profitable, scalable and viable business. Yet we’ve only just begun. We want to offer consumers even more choice, which is why, subject to regulatory approval, we have decided to launch a next generation bank to complement our existing peer-to-peer products.
Why peer to peer lending is a disruptive industry [Q&A]
In the last ten years, peer-to-peer lending has grown to be a serious disruptive influence in the financial services landscape. Jaidev Janardana, CEO of Zopa, the world’s first and UK’s leading peer-to-peer lending platform, discusses why the industry has proved so disruptive and what the future holds. How did Zopa come about and what does it do?
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