Zopa: UK-based peer-to-peer (P2P) lending firm, raised £140 million from IAG Capital
- The funding brings the total amount raised by Zopa to more than $460 million
- The firm founded in March 2005, has issued £5 billion in loans, and more than £1 billion in 2019
- Zopa granted a temporary banking licence at the end of 2018
- The new injection should enable it to fulfill the capital requirements for holding onto the licence
- They launching a fixed-term savings product, credit card and money management app in 2019
- The fresh funding was negotiated with a major discount, and IAG Capital has been given a majority stake in Zopa as a result
