Zopa Revenue, Valuation, Funding & Investors
Zopa is valued at $1B as of December 2024, a 2.6x multiple on its last reported $385M revenue.
Last Zopa valuation
$1B
Undisclosed stage · Dec 2024
Last Zopa funding round
$85M
Undisclosed stage · Dec 2024
Zopa revenue
$385M
Undisclosed stage · Dec 2024
Key investors in Zopa
Augmentum Fintech
Northzone
Wadhawan Global Capital
Bessemer Venture Partners
VentureFounders
IAG Silverstripe
About Zopa
Zopa is a London-headquartered digital bank offering personal loans, credit cards, savings accounts, and credit score monitoring through its mobile app. Founded in 2005 as the world's first peer-to-peer lending service, it matches lenders and borrowers while spreading risks across portfolios. Zopa transitioned to a full banking license in 2020, holding over £7 billion in deposits. The platform enforces automated repayments and provides tools for financial planning.
Founded
2005
HQ
LondonWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$385M (Dec 2024)
Valuation
$1B (Dec 2024)
Zopa Valuation
Zopa is currently valued at $1B, based on its undisclosed-stage round in December 2024.
The $85M round was led by A.P. Moller Holding.
Zopa's valuation has grown 1.9x from $532M at its Series G in August 2018 to $1B in December 2024, across 3 priced rounds.
Zopa valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2024 | Undisclosed stage | $1B | 2.6x |
| Oct 2021 | Undisclosed stage | $1B | - |
| Aug 2018 | Series G | $532M | - |
Zopa Revenue
Zopa's latest recorded revenue is $385M, as of its undisclosed-stage round in December 2024. At a $1B valuation, that implies a 2.6x revenue multiple.
Zopa revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2024 | $385M | $1B | 2.6x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Zopa Funding History
Zopa has raised a total of $924M across 10 funding rounds.
Zopa's first fundraising round was a $25M Series E in January 2014. The most recent completed round was a $85M undisclosed-stage round in December 2024.
Zopa funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Undisclosed stage | A.P. Moller Holding (lead) | $85M | $1B | Zopa is a UK-based digital bank offering savings tools, lending products, credit cards, vehicle financing, and preparing to launch a flagship current account and generative AI-powered financial tools in 2025. The company holds a full banking license, has lent over £13 billion to UK consumers to date, attracted more than £5 billion in deposits since launching as a bank in 2020, and currently maintains £3 billion in loans on its balance sheet. Customer deposits are protected by the Financial Services Compensation Scheme up to £85,000 per account. In December 2024, Zopa raised approximately £68 million (equivalent to €80 million or $87 million) in an equity funding round led by A.P. Moller Holding, with participation from existing investors including IAG Silverstripe, Augmentum, and Davidson Kempner Capital Management. This brings Zopa's total funding raised to over $1 billion or £598 million, following prior rounds such as a £220 million venture round in October 2021 led by SoftBank Vision Fund and a £75 million Tier 2 capital raise in early 2023. The funds will support growth, product innovations for better credit access, savings, financial health tools, potential acquisitions, and the 2025 current account launch. Investors highlighted Zopa's robust and profitable business model, customer-centricity, and long-term growth potential in the UK financial services industry. Previously backed by investors like JP Morgan Chase, SoftBank, Northzone, and Uprising, Zopa has deferred IPO plans from 2022 amid market conditions. |
| Feb 2023 | Undisclosed stage | - | $90M | - | Zopa is a UK-based digital bank and neobank founded in 2005, offering lending services, credit cards, savings accounts, and other financial products to around 850,000 customers as of early 2023. It transitioned from a peer-to-peer lending platform to a fully licensed bank in 2020, focusing on competitive rates, transparency, and digital banking innovation. The company has raised multiple funding rounds, including a $300M venture round in October 2021 led by SoftBank Vision Fund at a $1B valuation, establishing unicorn status. In February 2023, Zopa raised £75M (approximately $93M) in an all-equity venture round from existing investors led by IAG Silverstripe, with participation from Augmentum and Davidson Kempner Capital Management LP; SoftBank did not participate but remains a shareholder and board member. The round, described as an inside round, aimed to build new financial products, acquire customers, pursue potential M&A, and strengthen its position amid UK economic challenges. Subsequent rounds included £75M debt financing in September 2023 and £68M ($86.8M) venture round in December 2024 led by A.P. Moller Holding at a valuation well over $1B to launch new products like a current account and AI tools. |
| Oct 2021 | Undisclosed stage | SoftBank Group (lead); IAG Silverstripe; Davidson Kempner; Northzone; Chimera Capital Management; Augmentum Fintech | $301M | $1B | Zopa, the UK's first peer-to-peer lender launched in 2005, transitioned to a full digital bank after acquiring a banking license in 2020, offering savings accounts, credit cards, loans, and other financial products focused on borrowing and saving. On October 18, 2021, it raised $300 million (£220 million) in a Series H follow-on round led by SoftBank Vision Fund 2, with participation from Chimera Capital Management (noted as Chimera Abu Dhabi in some sources), and existing investors Augmentum Fintech, Davidson Kempner Capital Management, IAG Silverstripe, and Northzone. The round, pending PRA and FCA approvals, valued Zopa at $1 billion post-money, marking its unicorn status and supporting growth ahead of a potential IPO. The funding addressed capital needs for Zopa Bank's rapidly expanding balance sheet, fueled by strong product demand including £675 million in fixed savings deposits, 150,000 credit cards issued (top 10 UK issuer), and more than doubled revenue per customer since the bank's June 2020 launch. Zopa projected profitability within 10 weeks of the announcement, highlighting its sustainable lending model and strong unit economics amid a crowded UK digital banking market. J.P. Morgan served as sole placement agent. This round tripled from an initial $100 million plan earlier in the summer, timed with the UK government's Global Investment Summit 2021. |
| Mar 2021 | Series H | IAG Silverstripe (lead); Alternative Credit Investments; Volution Group; VentureFounders; Augmentum Fintech | $28M | - | Zopa is a UK-based digital bank founded in 2020 that operates in savings, lending, and everyday banking. The company raised capital from existing investors in March 2021 and secured an additional £220 million funding round in October 2021. By 2021, Zopa had achieved an annualized revenue run-rate of £60.5 million with £114 million in total customers, representing strong early traction in the UK fintech market. The company demonstrated significant growth momentum, with gross new lending reaching £1.1 billion and net interest income surging 744% year-over-year to £55.7 million. Zopa subsequently achieved profitability milestones, reporting £15.8 million pre-tax profit in 2023, £34.2 million in 2024, and £65 million in 2025, growing its customer base to 1.7 million and expanding into current accounts and investment products by 2025. |
| Dec 2019 | Series H | IAG Capital Partners (lead) | $173M | - | Zopa, a UK-based peer-to-peer lending company founded in 2005, secured approximately £140 million ($181-182 million) in funding from IAG Silverstripe, the investment arm of IAG Capital Partners, in December 2019. This marked its largest fundraising round to date, labeled as Series H in some summaries, with IAG Capital as the lead investor. The capital was aimed at fulfilling regulatory capital requirements to lift restrictions on its banking license, granted with conditions in December 2018 by the UK's Financial Conduct Authority and Prudential Regulation Authority. The investment built on IAG Silverstripe's prior minority stake from October 2018 and was subject to final regulatory approvals, including change of control. Zopa planned to operate its new bank alongside its existing P2P lending business under the Zopa Group, offering expanded products like loans, investments, and a recently launched savings solution with 4% fixed-term interest. The 2019 injection supported Zopa's transition to full banking operations amid a tight deadline to prove financial strength. Subsequent parental funding exceeded £138 million into 2020 amid pandemic challenges, but specifics tie directly to bank mobilization efforts. |
| Nov 2018 | Series G | Bessemer Venture Partners; VentureFounders; Wadhawan Global Capital; Northzone; Augmentum Fintech | $20M | - | - |
| Aug 2018 | Series G | Wadhawan Global Capital (lead); Forward Partners | $57M | $532M | Zopa, a UK-based peer-to-peer lender founded in 2005, raised £44 million in August 2018 from Forward Partners and led by Wadhawan Global Capital to fund the launch of a next-generation digital bank and broader range of financial products without hidden fees. This followed a £32 million round in June 2017 co-led by Northzone and Wadhawan Global Capital. The funding supported regulatory requirements and expansion amid strong growth, with Zopa having lent £3.5 billion to nearly half a million UK consumers by mid-2018 and achieving full-year profitability in 2017 for the first time since 2012. In April 2018, ahead of the round's finalization, Sky News reported Zopa in advanced talks for ~£50 million that would value the company at up to £400 million, led by existing investor Wadhawan Global Capital with potential new participants, positioned as a pre-IPO raise to prepare for a stock market flotation in coming years. Zopa had separated boards for its P2P lending and banking operations to meet governance standards for the bank launch. Zopa offered digital personal loans up to £25,000 with APRs from 3.1% to 34.9% and investment opportunities. CEO Jaidev Janardana emphasized the bank's role in providing smarter money choices. The company navigated FCA-proposed changes to P2P lending positively. |
| Jun 2017 | Series F | Northzone (lead); Wadhawan Global Capital (lead) | $42M | - | Zopa is a UK-based peer-to-peer lender founded in 2005 that pioneered the concept of retail investors lending money directly to borrowers, bypassing traditional bank intermediaries. The company operates a lending platform that had facilitated over £2 billion in loans by early 2017, with £800 million of that volume occurring in the 12 months prior to June 2017. In June 2017, Zopa raised £32 million in a funding round co-led by Wadhawan Global Capital, an Indian financial services group, and Northzone, a European venture capital firm known for backing companies like Spotify, iZettle, and Klarna. This investment brought Zopa's total equity funding to over £80 million. The company was preparing to launch its own retail bank to complement its peer-to-peer lending platform, offering a broader range of products including deposit accounts, personal loans, car financing, credit cards, and innovative finance ISAs. Zopa had recently achieved full authorization from the UK Financial Conduct Authority as a peer-to-peer lender under new regulatory rules, positioning it as a fully licensed platform. The investment was intended to support the company's growth trajectory and enable the development and launch of next-generation banking products. CEO Jaidev Janardana emphasized that the capital would allow Zopa to expand its customer base and bring its award-winning services to more UK consumers. Northzone's investment in Zopa represented its largest investment in the UK at that time, drawn from its €350 million NZVIII fund. The round also included participation from existing investors including Arrowgrass, Augmentum Capital, Bessemer Venture Partners, and Runa Capital, demonstrating sustained confidence in the company's vision to create a technology-first bank based on transparency and superior customer service. |
| Dec 2015 | Undisclosed stage | JPMorgan Chase (lead); Arrowgrass Capital; Benchmark; Bessemer Venture Partners; Wellington Partners; Augmentum Fintech | $103M | - | Zopa, a UK-based peer-to-peer lending platform founded in 2005, pioneered the sector by connecting borrowers and lenders directly, bypassing traditional banks. By late 2015, it had established itself as Europe's leading P2P lender, having disbursed billions in loans. In December 2015, Zopa raised approximately £103 million (equivalent to $103.2M at the time) in a significant funding round led by JP Morgan Chase, with participation from Arrowgrass Capital, Augmentum Capital, Benchmark, Bessemer Venture Partners, and Wellington Partners, marking a major endorsement of its business model and supporting expansion. The funds were aimed at scaling operations, enhancing technology, and growing lending volumes amid rapid market adoption of P2P finance. Post-round performance showed robust growth: 2016 revenue reached £33.2 million (up significantly prior years), with £690 million lent, followed by 2017 revenue of £46.5 million (40% increase), £985 million lent, and first full-year profit of £1.5 million after tax. Zopa hit £2 billion cumulative lending in 2017 and £3 billion by early 2018, transitioning toward banking with an Innovative Finance ISA launch. Later developments saw Zopa evolve into a full digital bank, launching Zopa Bank in 2020 with a banking license. Recent years reflect sustained scaling: 2024 revenue £303.4 million, profit £34.2 million; 2025 revenue £377.1 million, profit £65 million, 1.7 million customers, £6.4 billion deposits, £3.8 billion loans, and cost-to-income ratio of 34.8%. |
| Jan 2014 | Series E | Arrowgrass Capital (lead); Uprising Ventures | $25M | - | Zopa, the world's oldest peer-to-peer lending platform founded in 2005, raised £15 million ($25m) in January 2014 from Arrowgrass Capital Partners, a London-based hedge fund with $4.6bn in assets under management. This marked Zopa's third major funding round since 2009, following a December 2012 investment led by Augmentum Capital (backed by RIT Capital Partners). Arrowgrass CEO Henry Kenner joined Zopa's board as a non-executive director. The funds were earmarked for UK market expansion, potentially including a major marketing campaign. Zopa enables savers to earn market-leading rates by lending directly to borrowers seeking lower-cost loans, bypassing traditional banks. In 2013, the platform facilitated £180 million in lending, with total customer lending exceeding £455 million since inception and projections to hit £500 million ahead of new April 2014 regulations. By the funding announcement, Zopa had lent over £450 million to UK consumers and boasted more than 45,000 active lenders. CEO Giles Andrews highlighted accelerated growth in 2013, driven by Zopa's market longevity, UK government lending on the platform, and emerging competitors like Lending Works, which validated the sector. Prior investors included Bessemer Venture Partners. Industry estimates projected the UK peer-to-peer lending market to reach £1 billion annually by 2015. |
Who has invested in Zopa?
19 investors have backed Zopa across its funding rounds, including Augmentum Fintech, Northzone, Wadhawan Global Capital, Bessemer Venture Partners, VentureFounders and IAG Silverstripe.
Lead investors include A.P. Moller Holding, SoftBank Group, IAG Silverstripe, IAG Capital Partners, Wadhawan Global Capital and 3 other investors.
Zopa Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| London | 4 | Participant | Dec 2015 | |
 India | 3 | Lead | Jun 2017 | |
| London | 3 | Lead | Jun 2017 | |
| London | 2 | Lead | Jan 2014 | |
 San Francisco, CA | 2 | Participant | Dec 2015 | |
| London | 2 | Participant | Nov 2018 | |
| London | 2 | Lead | Mar 2021 | |
| London | 1 | Participant | Mar 2021 | |
| Crawley | 1 | Participant | Mar 2021 | |
 Tokyo | 1 | Lead | Oct 2021 | |
| Charleston, SC | 1 | Lead | Dec 2019 | |
| San Francisco, CA | 1 | Participant | Dec 2015 | |
 Munich | 1 | Participant | Dec 2015 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Zopa
Zopa has acquired 2 companies to date.
Last acquisition by Zopa was on September 2nd 2025. Zopa acquired Rvvup for undisclosed valuation.
Latest Acquisitions by Zopa
| Description | Rvvup is a Dublin-headquartered payments platform enabling e-commerce merchants to integrate multiple payment methods with instant settlements. The service unifies card networks, digital wallets, and local schemes across Europe and Asia, reducing costs through direct connections. Rvvup supports businesses scaling globally by handling currency conversions and compliance for checkout optimization. | - |
| HQ Country | |  |
| HQ City | London | - |
| Deal Date | 2 Sep 2025 | 16 Feb 2023 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Zopa acquisitions and their M&A valuation multiples. Start Free Trial | ||
Zopa Competitors
Zopa competitors include listed companies like Jio Financial Services and Qfin Holdings, and private ones like Touzhijia.com, Happy Money, China Rapid Finance and Credit Sesame.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Shenzhen | Private | - | - | $1B | - | |
| Los Angeles, CA | Private | - | - | $1.1B | - | |
| India | Publicly listed | $332M | $272M | $16B | 38.1x | |
| China | Private | - | - | $1B | - | |
| San Francisco, CA | Private | - | - | $1B | - | |
| China | Publicly listed | $2.4B | - | $989M | 0.8x |
Zopa Public Comps
Zopa is still privately-owned, but its public comps include Qfin Holdings, Bravura Solutions, Canaccord Genuity, Upbound, Yixin Group, RFA Financial, Mercantil Servicios Financieros, XPS Pensions Group, FinVolution Group and Katapult.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.4B | - | 0.8x | 0.8x | - | - | |||
| $201M | $55M | 4.9x | 4.9x | 17.9x | 17.0x | |||
| $1.6B | $143M | 0.6x | 0.6x | 6.8x | - | |||
| $4.7B | $1.7B | 0.6x | 0.6x | 1.5x | 5.2x | |||
| $1.7B | $287M | 2.9x | 2.7x | 17.4x | 16.2x | |||
| $172M | ($66M) | 8.4x | - | (21.9x) | - | |||
| $95M | - | 12.2x | - | - | - | |||
| $353M | $80M | 2.6x | 2.5x | 11.3x | 8.7x | |||
This data is available for Pro users. Sign up to see all Zopa competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zopa
| When was Zopa founded? | Zopa was founded in 2005. |
| Where is Zopa headquartered? | Zopa is headquartered in London, United Kingdom. |
| Is Zopa publicly listed? | No, Zopa is a private, VC-backed company. |
| What is Zopa's valuation? | Zopa was last valued at $1B in its undisclosed-stage round in December 2024. |
| How much funding has Zopa raised? | Zopa has raised $924M across 10 funding rounds. |
| What was Zopa's last funding round? | Zopa's last funding round was a $85M undisclosed-stage round in December 2024, led by A.P. Moller Holding. |
| Who are Zopa's investors? | Zopa's investors include Augmentum Fintech, Wadhawan Global Capital, Northzone, Arrowgrass Capital, Bessemer Venture Partners, VentureFounders, IAG Silverstripe, Alternative Credit Investments, Volution Group, SoftBank Group and 9 others. |
| What is Zopa's revenue? | Zopa's latest recorded revenue is $385M (December 2024). |
| What is Zopa's revenue multiple? | Zopa's latest valuation implies a 2.6x revenue multiple ($1B valuation on $385M of revenue). |
| Which companies are comparable to Zopa? | Companies comparable to Zopa include Touzhijia.com, Happy Money, Jio Financial Services, China Rapid Finance, Credit Sesame and Qfin Holdings. |
| How many companies has Zopa acquired? | Zopa has acquired 2 companies, including Rvvup and DivideBuy. |
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