The UK peer to peer lender has closed £60 million of fresh equity financing from undisclosed investors. The company is intent on gaining a banking license and launching a new retail bank. The company says it has nearly 500k customers and has lent more than £3.5bn in capital.
“Our money management app will offer our customers a more personalised approach to managing their money,” adds the spokesperson. Cue Jaidev Janardana, Zopa CEO (pictured above): “This new funding takes us a step closer to realising our vision of being the best place for money in the U.K. Having served half a million customers to date, Zopa is set to redefine the finance industry once again through our next generation bank to meet a broader set of U.K. customers’ financial needs.”