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.
Company Growth (employees)
Key People at Zopa
Jaidev Janardana
Giles Andrews
Andrew Lawson
Caroline Mills
Ben Edwards
Didier Baclin
Jonathan Kramer
Zopa Office Locations
Zopa Data and Metrics
Summary Metrics
Founding Date | 2005 |
Total Funding | $111.3 m |
Latest funding size | $41.2 m |
Time since last funding | about 2 months |
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 Financial Metrics
Revenue (FY, 2015) | 20.6 m |
Revenue growth (FY, 2014 - FY, 2015), % | 80% |
Gross profit (FY, 2015) | 10.7 m |
Gross profit margin (FY, 2015), % | 52% |
Net income (FY, 2015) | (8.9 m) |
Cash (31-Dec-2015) | 13.6 m |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Revenue | 5.4 m | 11.5 m | 20.6 m |
Revenue growth, % | 113% | 80% | |
Cost of goods sold | 2.3 m | 6.2 m | 9.9 m |
Gross profit | 3.1 m | 5.3 m | 10.7 m |
Gross profit Margin, % | 57% | 46% | 52% |
Operating expense total | 5.7 m | 11.4 m | 19.6 m |
Pre tax profit | (2.6 m) | (6.1 m) | (8.9 m) |
Net Income | (2.6 m) | (6.1 m) | (8.9 m) |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Cash | 1 m | 13.3 m | 13.6 m |
Accounts Receivable | 20 k | 78.9 k | |
Current Assets | 1.2 m | 15.6 m | 14.8 m |
PP&E | 298 k | 675.5 k | 671.2 k |
Total Assets | 1.5 m | 16.3 m | 15.5 m |
Accounts Payable | 356.2 k | 509.7 k | 603.2 k |
Current Liabilities | 617.5 k | 1 m | 1.9 m |
Total Liabilities | 632.2 k | 1 m | 1.9 m |
Retained Earnings | (2.6 m) | (6.1 m) | (8.9 m) |
Total Equity | 895.6 k | 15.2 m | 13.6 m |
Financial Leverage | 1.7 x | 1.1 x | 1.1 x |
| GBP | FY, 2014 | FY, 2015 |
|---|---|---|
Cash From Operating Activities | (7.1 m) | (5.2 m) |
Cash From Financing Activities | 19.9 m | 5.7 m |
| GBP | Y, 2015 |
|---|---|
Revenue/Employee | 174.6 k |
Financial Leverage | 1.1 x |
