19 October 2021

Zopa becomes unicorn after Softbank investment 

Written By FinTech Alliance

Zopa becomes unicorn after Softbank investment 

Zopa is now a unicorn following a $300mn funding round.

In Brief:

UK based digital bank and peer-to-peer lender Zopa raised $300mn in a round led by Softbank’s Vision Fund 2. 

It also included Chimera Capital, IAG Silverstripe, Davidson Kempner, NorthZone and Augmentum Fintech. 

This brings Zopa’s valuation to $1bn. 

What does this mean?

Since it started in the peer-to-peer lending space, Zopa has added new features and worked to offer full banking services. The business is expected to reach profitability in the next few months, and is discussing an IPO in London. 

Read more here. 

Up Next ...
01 December 2021

RegTech Suade Labs partners with TD Securities

Suade Labs, which automates regulatory compliance, has added TD Securities ...

01 December 2021

FCA removes 90-day reauthentication for open banking

The rule that FinTechs must ask permission every 90 days ...

01 December 2021

Plum raises £18mn funding

Saving and investing platform Plum has raised £18mn in its ...

30 November 2021

Claiming R&D tax credits: Pollinate's story

Written By: Kene Partners

When engaging us to facilitate their first R&D claim, Pollinate were rewarded with a substantial benefit alongside first-class support.

More in Banking

Thought Machine is a unicorn after $200mn raise 

29 November 2021

Core banking technology business Thought Machine has been valued at ...

Chase offers UK current account through app stores 

29 October 2021

Chase’s new UK digital bank account, launched in September, can ...

BBVA launches digital retail bank in Italy 

22 October 2021

Spanish bank BBVA has launched a digital offering in Italy. In ...

HSBC launches BaaS offering

20 October 2021

HSBC has partnered with Oracle NetSuite to offer Banking-as-a-Service to ...

Articles Banking

ESG and banking - A chance to rethink strategy

20 May 2021

Why banks must assess their strategies in the context of ESG to transform and reaffirm their purpose...

White Papers Banking

The future of the UK financial services ecosystem

18 May 2021

There’s no doubt we’re on the cusp of a major shift in financial services in the UK. In our latest w...

White Papers Banking

The Banks and the Fintechs: Creating Better Banking Together

11 May 2021

How will the partnership between banks and fintechs benefit consumers?As the demand for personal fin...

Articles Banking

New cost imperatives in banking - Gaining greater efficiency

04 May 2021

The cost agenda has propelled to one of the top priorities for banks around the world as a result of...

There are no Events in this category