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Zopa, the UK digital bank backed by SoftBank, has swung to profitability, taking the fintech group a step closer to an anticipated public listing. The group posted pre-tax profits of £15.8m for 2023, from a loss of £26m the previous year.
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Chief executive Jaidev Janardana, a former Capital One executive, said the company was ready to float and would preferably do so in London, but cautioned that UK markets were not ready for a highly anticipated wave of fintech listings.
https://www.ft.com/content/72e50a62-57e8-495e-b919-e6c610e1099b
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