Zopa launched a current account last year (2025) and reported revenues of £377m with profits of £65m. In May 2026, Zopa became the first UK bank to receive regulatory approval to provide targeted support under the Financial Conduct Authority's framework for addressing the financial advice gap. The company has acquired 2 companies including Rvvup and DivideBuy, positioning itself to expand payment capabilities and buy-now-pay-later offerings.
Cyborg Score Rationale
Zopa reported a profit of £65m and £6.4bn in deposits with 17% deposit growth. The company raised $87 million in equity at a valuation exceeding $1 billion in December 2024, prioritizing profitability and growth over an IPO. Strong profitability trajectory, regulatory innovation, and strategic acquisitions demonstrate solid market execution.
Top Insights
In 2024, Zopa's revenue grew about 30% to reach just over £300m, and its profit doubled, demonstrating acceleration in core business metrics.
Zopa achieved profitability (first time in history as of early 2024) and in May 2026 became the first UK bank with FCA regulatory approval for targeted financial advice support, signaling regulatory credibility.
Most recent acquisition was Rvvup in September 2025, expanding embedded payment capabilities within retail and lending ecosystems.
Zopa opened a Manchester office in July 2025 to bolster tech staff, indicating geographic expansion and technical talent investment alongside growth.
Named Competitors
Lendable — Alternative lending platform
Creditspring — Credit solutions and lending
Marcus — Digital consumer lending and savings platform
Prosper — Peer-to-peer lending marketplace
RateSetter — Peer-to-peer lending platform
Recent Developments
(June 2026) Continues evolution as full-service digital bank with deposits, loans, credit cards and current accounts
(May 2026) Became first UK bank to receive FCA approval for targeted financial advice support framework
(September 2025) Acquired Rvvup, a retail finance platform, to enhance payment capabilities
(March 2025) Launched current account offering, expanding from lending-focused model
(December 2024) Raised $87M Series H funding at $1B+ valuation from A.P. Moller Holding and others
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