British digital bank Zopa says it has raised 80 million pounds ($106 million) in new capital. “We will use the funds to strengthen Zopa’s balance sheet without diluting shareholders as we prepare to enter everyday banking with the imminent launch of our flagship bank account,”...
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. While these digitally focused challengers promise to...
British digital bank Zopa has raised 80 million euros (about $85 million) in an equity funding round to accelerate its growth and launch new products. The bank expects to double its profits and increase its annual revenue by 35% in 2024 and is set to...
British digital bank Zopa is profitable and getting closer to going public. But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company was ready for an initial public offering (IPO), the London markets might feel differently. “I’d be surprised if there are U.K. FinTech...
December 10, 2024
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. While these digitally focused challengers promise to bring financial services and products to just about anyone who […]
February 15, 2023
The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by the HM Treasury, comes two...
July 31, 2022
The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which has been around as a...
June 22, 2022
Following an explosion of buy now, pay later (BNPL) use in the past few years, transaction volumes are expected to hit $680 billion worldwide by 2025. In the United Kingdom,...
September 02, 2025
U.K. digital bank Zopa says it is purchasing payments platform Rvvup. The company said the deal, announced Monday (Sept. 1), will accelerate its retail finance services and triple the size of Zopa’s embedded finance business within two years. “This unique offering drives multiple benefits for merchants and end consumers alike,” Zopa said in a news […]
May 14, 2025
British digital bank Zopa says it has raised 80 million pounds ($106 million) in new capital. “We will use the funds to strengthen Zopa’s balance sheet without diluting shareholders as...
December 06, 2024
British digital bank Zopa has raised 80 million euros (about $85 million) in an equity funding round to accelerate its growth and launch new products. The bank expects to double...
April 15, 2024
British digital bank Zopa is profitable and getting closer to going public. But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company was ready for an initial public...