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News > Fintech

Zopa closes £60m funding round

Theo Osborn | 13:45 Friday 9th November 2018

Zopa has announced that it has raised £60m after it closed its largest funding round to date.

The financial services company will use the funds to provide capital for the bank it hopes to launch soon.

The funding round included a mix of new and existing investors and closes the round which began earlier this year.

Jaidev Janardana, CEO at Zopa (pictured above), said: “This new funding takes us a step closer to realising our vision of being the best place for money in the UK.

“Having served half-a-million customers to date, Zopa is set to redefine the finance industry once again through our next-generation bank to meet a broader set of UK customers’ financial needs.”

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