November 17, 2021United Kingdom
Zopa raises $300M at a $1B valuation to expand its P2P lending and savings neobank in the UK
Another big infusion of cash from a major investor is making its way to a fintech out of the U.K. on the heels of strong growth. Today Zopa — a neobank with some 500,000 users in the U.K. where it provides peer-to-peer lending, savings accounts, credit cards and other services — has raised $300 million, at a valuation that we’ve confirmed to be $1 billion (£750 million) post-money.
Softbank Vision Fund 2 led the round with participation also from Chimera Capital, with existing investors IAG Silverstripe, Davidson Kempner Capital Management LP, NorthZone and Augmentum Fintech all also participating. Zopa got its start in 2005 and claims to be the first company to develop the concept of P2P lending.
