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.
| Type | Private |
| HQ | London, GB |
| Founded | 2005 |
| Size (employees) | 359 (est) |
| Website | zopa.com |
Zopa was founded in 2005 and is headquartered in London, GB
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Viewing summary data as a guest
Sign up for free to see all dataKey People/Management at Zopa
Giles Andrews
Co-Founder & Chairman
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 | 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's latest funding round in August 2018 was reported to be $57.5 m. In total, Zopa has raised $168.8 m
Zopa Revenue
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 |
| 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 | 805.0 | 49.6k | 523.6k | 673.0k | 888.5k | 1.7m | 2.2m | 3.0m | 5.4m | 11.5m | 20.6m | 33.2m | 46.5m |
Revenue growth, % | 113% | 80% | |||||||||||
Cost of goods sold | 165.3k | 197.7k | 152.3k | 73.2k | 157.7k | 123.1k | 164.4k | 211.2k | 2.3m | 6.2m | 9.9m | 10.9m | 10.3m |
Gross profit | (164.5k) | (148.1k) | 371.3k | 599.8k | 730.8k | 1.6m | 2.1m | 2.8m | 3.1m | 5.3m | 10.7m | 22.3m | 36.2m |
| 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 | 2.3m | 1.3m | 773.0k | 669.7k | 902.9k | 536.3k | 520.5k | 4.2m | 1.0m | 13.3m | 13.6m | 9.8m | 7.9m |
Accounts Receivable | 48.7k | 156.5k | 9.1k | 20.0k | 429.7k | 533.6k | 884.2k | ||||||
Current Assets | 3.7m | 3.9m | 1.5m | 1.2m | 1.0m | 726.3k | 754.9k | 4.3m | 1.2m | 15.6m | 14.8m | 13.3m | 18.0m |
PP&E | 37.8k | 40.8k | 40.7k | 57.1k | 64.0k | 59.8k | 53.8k | 32.4k | 298.0k | 675.5k | 671.2k | 1.4m | 1.6m |
| 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 | (2.7m) | (3.8m) | (5.7m) | (798.6k) | (334.4k) | (392.3k) | 26.2k | 32.5k | (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 | 6.0m | 3.9m | 3.1m | 19.9m | 5.7m | 2.0m | |||||||
Net Change in Cash | 190.0k | (154.1k) | 737.2k | 12.3m | 228.4k | (3.8m) | (1.9m) |
| GBP | Y, 2017 |
|---|---|
Revenue/Employee | 209.9k |
Financial Leverage | 1.8 x |
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
16.84k Twitter followers
Zopa has 16.84k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.1% quarter over quarter
9.73k Facebook likes
Zopa has 9.73k Facebook Likes. The number of likes has increased 0.2% month over month and increased 0.3% quarter over quarter
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Zopa News and Updates
October 12, 2018
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
August 03, 2018
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…
August 03, 2018
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...
July 02, 2018
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 …
April 12, 2018
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 …
February 20, 2018
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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