Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen. The Company works in the following way: the company first categorizes borrower credit grades with an A*, A, B, C or Y rating; then lenders make offers that vary by money amount and time period for persons with a certain credit grade; and borrowers can then agree the aggregate offered rate.
Zopa takes on such responsibilities as distributing money between parties, completing the legal paperwork, performing borrower identity/credit checks, and employing a collections agency that chases missed payments for the lender. The Company also mitigates risk for lenders by enforcing monthly direct debit repayment, making borrowers sign a legal contract, and allowing lenders to lend small chunks of money to individual borrowers. Zopa itself makes money by charging a fixed fee for borrowers and 1% annual fee for lenders.
Key People/Management at Zopa
Giles Andrews
Jaidev Janardana
Zopa Office Locations
Zopa Financials and Metrics
Summary Metrics
Founding Date | 2005 |
Zopa total Funding | $168.8 m |
Zopa latest funding size | $57.47 m |
Time since last funding | 14 days ago |
Zopa investors | Orange Growth Capital (OGC), Balderton Capital, Spotify, Wadhawan Global Capital, Draper Associates, iZettle, Arrowgrass Capital, Bessemer Venture Partners, Benchmark, Augmentum Capital, Northzone, Wellington Partners, Forward Partners |
Zopa Revenue
| GBP | |
|---|---|
Revenue (FY, 2017) | 46.5 m |
Gross profit (FY, 2017) | 36.2 m |
Gross profit margin (FY, 2017), % | 77.8% |
Net income (FY, 2017) | 1.5 m |
EBITDA (FY, 2017) | 1.7 m |
EBIT (FY, 2017) | 95.9 k |
Cash (31-Dec-2017) | 7.9 m |
| GBP | FY, 2005 | FY, 2006 | FY, 2007 | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 805 | 49.6 k | 523.6 k | 673 k | 888.5 k | 1.7 m | 2.2 m | 3 m | 5.4 m | 11.5 m | 20.6 m | 33.2 m | 46.5 m |
Revenue growth, % | 113% | 80% | |||||||||||
Cost of goods sold | 165.3 k | 197.7 k | 152.3 k | 73.2 k | 157.7 k | 123.1 k | 164.4 k | 211.2 k | 2.3 m | 6.2 m | 9.9 m | 10.9 m | 10.3 m |
Gross profit | (164.5 k) | (148.1 k) | 371.3 k | 599.8 k | 730.8 k | 1.6 m | 2.1 m | 2.8 m | 3.1 m | 5.3 m | 10.7 m | 22.3 m | 36.2 m |
| GBP | FY, 2005 | FY, 2006 | FY, 2007 | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 2.3 m | 1.3 m | 773 k | 669.7 k | 902.9 k | 536.3 k | 520.5 k | 4.2 m | 1 m | 13.3 m | 13.6 m | 9.8 m | 7.9 m |
Accounts Receivable | 48.7 k | 156.5 k | 9.1 k | 20 k | 429.7 k | 533.6 k | 884.2 k | ||||||
Current Assets | 3.7 m | 3.9 m | 1.5 m | 1.2 m | 1 m | 726.3 k | 754.9 k | 4.3 m | 1.2 m | 15.6 m | 14.8 m | 13.3 m | 18 m |
PP&E | 37.8 k | 40.8 k | 40.7 k | 57.1 k | 64 k | 59.8 k | 53.8 k | 32.4 k | 298 k | 675.5 k | 671.2 k | 1.4 m | 1.6 m |
| GBP | FY, 2005 | FY, 2006 | FY, 2007 | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (2.7 m) | (3.8 m) | (5.7 m) | (798.6 k) | (334.4 k) | (392.3 k) | 26.2 k | 32.5 k | (2.6 m) | (6.1 m) | (8.9 m) | (5.8 m) | 1.5 m |
Cash From Operating Activities | 3.7 m | (4.9 m) | (3.7 m) | (7.1 m) | (5.2 m) | (3.2 m) | 2.3 m | ||||||
Cash From Financing Activities | 6 m | 3.9 m | 3.1 m | 19.9 m | 5.7 m | 2 m | |||||||
Net Change in Cash | 190 k | (154.1 k) | 737.2 k | 12.3 m | 228.4 k | (3.8 m) | (1.9 m) |
| GBP | Y, 2017 |
|---|---|
Revenue/Employee | 209.9 k |
Financial Leverage | 1.8 x |
Human Capital Metrics
Zopa Online and Social Media Presence
16.79k Twitter followers
Zopa has 16.79k Twitter Followers. The number of followers has decreased 0.5% month over month and decreased 0.4% quarter over quarter
9.68k Facebook likes
Zopa has 9.68k Facebook Likes. The number of likes has increased 0.1% month over month and increased 0.3% quarter over quarter