Zopa Bank Ltd Overview
Pro stress-test →Zopa Bank Ltd is a British online bank which gained a full banking licence in 2020 and offers deposit accounts, personal loans and credit cards. The company began as the world's first peer-to-peer lending company in 2005, with the peer-to-peer side of its business closing in December 2021. As of 2025, bank pre-tax profits nearly doubled to £65m, driven by customer base growth to 1.7 million and expansion into everyday banking products.
Strategic Profile
Pro stress-test →Zopa has grown its customer base to 1.7 million through strong growth across all products and expansion into current accounts and investments, leveraging tech expertise and adaptability to quickly build new offerings. A current account was launched in March 2025. The company is re-registering as an unlisted, public company (PLC) within 6 months as of the latest filing guidance, though CEO Jaidev Janardana indicated current market conditions have pushed back IPO timing with no definitive timeline set.
Competitive Landscape
Pro stress-test →Zopa competes with entities like Funding Circle, RateSetter, and Discover Financial Services. Top competitors include Lendable, Creditspring and M Kopa. Zopa differentiates through in-house technology development, rapid product deployment, and a maturing customer base of 1.7 million across loans, savings, and now current accounts.
Industry Context
Zopa Bank Ltd operates in Digital banking / Fintech lending.
Key facts
Founded: 2005 · Headquarters: London, UK · Employees: ~1,000 (as of early 2026) · Revenue: £300m (2024 estimate based on 30% growth) · Market cap: $1B+