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UK Challenger Bank Zopa Raises $36 Million To Build Infrastructure

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UK Challenger Bank Zopa Raises $36 Million To Build Infrastructure

U.K. fintech bank Zopa has raised nearly $36 million from a group of international investors, including Indian firm Wadhawan Global Capital and leading U.S. VC Bessemer Venture Partners, according to a blog post on the company's site.

Zopa combines multiple fintech verticals into one bank platform, offering peer-to-peer loans, savings accounts and credit cards.

"The additional investment will finance Zopa’s continued growth and product development, and support the build-out of our bank infrastructure in preparation for the submission of our bank [license] application later this year," said CEO Jaidev Janardana in the post.

Interestingly, Zopa offers public records of all loans it originates. Those interested can check out the database here.

Image Credit: Photo courtesy of Zopa.

Posted-In: Bessemer Venture Partners Jaidev Janardana Wadhawan Global Capital ZopaFintech News Best of Benzinga

 

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