Zopa raises £20 million after exceeding bank performance targets

Zopa has landed £20 million from existing investors after picking up £250 million in deposits following the launch of its app-only bank last year. The P2P lending pioneer gained a restricted UK banking license in December 2018 after picking up £60 million in funding for the build-out and received its full banking licence in June following a £140 million fundraise, enabling it to meet regulatory capital requirements for its foray into banking.
Read more...

;