Zopa, the U.K. peer-to-peer lending company that wants to become a bank, has been awarded a bank license by the U.K.’s financial regulators, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). The company wants to expand beyond P2P loans and investments to offer things liked savings accounts and credit cards. Technically, however, this […]
View More Zopa, the UK P2P lending company, secures bank licenseCategory: Zopa
Zopa, the UK P2P lending company, closes £60M round on path to launching a bank
Obtaining a banking license and then launching an actual new retail bank requires capital. A lot of capital. Enter Zopa, the U.K. peer-to-peer lending company that wants to become a bank, which today is announcing that it has closed £60 million in further funding. Only £16 million is actually new new money, having already disclosed […]
View More Zopa, the UK P2P lending company, closes £60M round on path to launching a bank