Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees.
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.
At IFGS 2024, Clare Gambardella, Chief Customer Officer at Zopa Bank, breaks down the success factors driving the UK fintech scene. From regulatory agility to …
Zopa Bank recently revealed it achieved profitability for the first time in 2023. We break down some of its successes.
Zopa Bank, which began operations as a P2P lending platform, has now reportedly surpassed £4 billion in customer deposits.