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. 


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TypePrivate
HQLondon, GB
Founded2005
Size (employees)359 (est)
Websitezopa.com
Zopa was founded in 2005 and is headquartered in London, GB
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Key People/Management at Zopa

Giles Andrews

Giles Andrews

Co-Founder & Chairman
Jaidev Janardana

Jaidev Janardana

Chief Executive Officer & Executive Director
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Zopa Office Locations

Zopa has an office in London
London, GB (HQ)
47-49 Tooley St
London, GB
90 Fetter Ln
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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

3 months ago

Zopa investors

Zopa's latest funding round in August 2018 was reported to be $57.5 m. In total, Zopa has raised $168.8 m
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Zopa Revenue

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Zopa's revenue was reported to be £46.49 m in FY, 2017
GBP

Revenue (FY, 2017)

46.5m

Gross profit (FY, 2017)

36.2m

Gross profit margin (FY, 2017), %

77.8%

Net income (FY, 2017)

1.5m

EBITDA (FY, 2017)

1.7m

EBIT (FY, 2017)

95.9k

Cash (31-Dec-2017)

7.9m
GBPFY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

805.049.6k523.6k673.0k888.5k1.7m2.2m3.0m5.4m11.5m20.6m33.2m46.5m

Revenue growth, %

113%80%

Cost of goods sold

165.3k197.7k152.3k73.2k157.7k123.1k164.4k211.2k2.3m6.2m9.9m10.9m10.3m

Gross profit

(164.5k)(148.1k)371.3k599.8k730.8k1.6m2.1m2.8m3.1m5.3m10.7m22.3m36.2m
GBPFY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.3m1.3m773.0k669.7k902.9k536.3k520.5k4.2m1.0m13.3m13.6m9.8m7.9m

Accounts Receivable

48.7k156.5k9.1k20.0k429.7k533.6k884.2k

Current Assets

3.7m3.9m1.5m1.2m1.0m726.3k754.9k4.3m1.2m15.6m14.8m13.3m18.0m

PP&E

37.8k40.8k40.7k57.1k64.0k59.8k53.8k32.4k298.0k675.5k671.2k1.4m1.6m
GBPFY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(2.7m)(3.8m)(5.7m)(798.6k)(334.4k)(392.3k)26.2k32.5k(2.6m)(6.1m)(8.9m)(5.8m)1.5m

Cash From Operating Activities

3.7m(4.9m)(3.7m)(7.1m)(5.2m)(3.2m)2.3m

Cash From Financing Activities

6.0m3.9m3.1m19.9m5.7m2.0m

Net Change in Cash

190.0k(154.1k)737.2k12.3m228.4k(3.8m)(1.9m)
GBPY, 2017

Revenue/Employee

209.9k

Financial Leverage

1.8 x
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Human Capital Metrics

Zopa's employees are reported to be approximately 32% female and 68% male.
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Zopa Online and Social Media Presence

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Zopa News and Updates

Peer-to-Peer Lending 2018 Global Market Key Players - Peerform, Funding Circle Limited, Prosper Marketplace, Inc., Zopa Limited, CommonBond Inc., Upstart Network Inc.......

Peer-to-Peer Lending – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Zopa raises £44m to build 'next generation' bank

Peer-to-peer lender Zopa has raised £44m - its largest sum so far - to help fund the "next generation bank" it has been building. The firm, which matches borrowers with people looking to invest, aims to build a set of products that "customers can feel good about", with no catches on rates or char…

Zopa raises £44 million to support digital bank launch

Peer-to-peer lender Zopa has scooped £44 million in funding as it lays the groundwork for the launch...

P2P lender Zopa back in the black

Peer-to-peer lender Zopa is back in the black as the firm's profit after tax for 2017 hit £1.5m. The financial firm, which matches borrowers with people looking to invest, reported a revenue increase of 40 per cent to £46.5m in its annual report for last year. The amount of money paid out by the …

Peer-to-peer lender Zopa reportedly in talks for new £50m fundraising

Peer-to-peer lender Zopa is in talks with investors over a fresh round of fundraising, with the fintech firm today announcing a shake-up of its structure in preparation for launching a new banking arm. Zopa is looking to raise around £50m and could value the firm at up to £400m, according to Sky …

Rothschild-backed fintech fund Augmentum aims to raise £100m in float

Augmentum Fintech, a Rothschild-backed fund investing in financial technology, today announced it will try to raise £100m in an initial public offering (IPO) on the London Stock Exchange's main market. If the IPO proceeds successfully Augmentum will buy a seed portfolio it values at £33.3m, inclu…
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Zopa Company Life and Culture

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