Total Equity Funding
$68.63M in 7 Rounds from 9 Investors
Most Recent Funding
$22.73 Million on January 29, 2014 / Undisclosed Round
London, England
Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees.
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Peer to Peer, Marketplace, Lending, Finance, FinTech

Company Details


Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen.

Zopa works in the following way: the company first categorizes borrower credit grades with an A*, A, B, C or Y rating; then lenders make offers that vary by money amount and time period for persons with a certain credit grade; and borrowers can then agree the aggregate offered rate.

Zopa takes on such responsibilities as distributing money between parties, completing the legal paperwork, performing borrower identity/credit checks, and employing a collections agency that chases missed payments for the lender.

Zopa also mitigates risk for lenders by enforcing monthly direct debit repayment, making borrowers sign a legal contract, and allowing lenders to lend small chunks of money to individual borrowers (i.e. someone lending £1000 would have their money spread across say 100 borrowers).

The company itself makes money by charging a fixed fee for borrowers and 1% annual fee for lenders.

Zopa has received public acclaim as well, having been awarded CNET Technology Awards' 2006 Internet Innovation of the Year, the 2007 Webby Award for Best Banking/Bill-Paying Website, the 2008 Webby Award for Financial Services, the Banker 2007 Award for Best Internet Project and Moneywise 2009 Awards for Best Customer Service and Best Personal Loan.

One of the three initial members of the UK's Peer-to-Peer Finance Association, together with FundingCircle and RateSetter. Other P2P lending services include Lending Club, Prosper, and Kiva.

Funding Rounds (7) - $68.63M

DateAmount / RoundValuationLead InvestorInvestors
Jan, 2014£15M / Undisclosed1
Dec, 2012undisclosed amount / Series D5
Mar, 2007$12.9M / Series C3
Jul, 2006$5M / Series B1
Mar, 2006$15M / Series B4
Jan, 2005$1M / Series A0
Jun, 2004$12M / Venture0

Current Team (2)


Products (1)

  • Zopa was added to CrunchBase in 2007

Competitors (9)

  • Academic Capital Exchange (ACE), a peer-to-peer student loan marketplace, helps students obtain financial support and professional guidance.
  • CapAlly is an online peer-to-peer student loan marketplace that links students to financial support and professional guidance.
  • Peer-to-Peer money lending service
  • Lending Club is an online financial community that brings together creditworthy borrowers and savvy investors.
  • Lending Works is a peer-to-peer (P2P) lender that matches underwritten personal loan borrowers with shrewd lenders.
  • PPDAI is an online platform for peer-to-peer small unsecured loans in China.
  • Qifang is a Chinese peer-to-peer lending online community focused on student loans.
  • RateSetter is a P2P lending website allowing users to lend and borrow money directly with each other according to their own interest rates.

Offices/Locations (1)

  • Headquarters

    1st Floor

    Cottons Centre, Tooley Street

    London, England SE1 2QG

    United Kingdom

Past Team (5)


Images (1)


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