Zopa reaches £3bn lending milestone

Zopa has announced that it has passed the £3bn lending milestone.

The news comes after Zopa amassed £985m of lending to low-risk UK borrowers in 2017, up 43% on 2016.

Jaidev Janardana, CEO at Zopa (pictured above), said: “Nearly 13 years ago, we set out on a mission to make money simple and fair for UK consumers, and that purpose remains unchanged.

“Today’s £3bn milestone reflects our success in providing better value financial products and a better experience to our customers, but our journey is only just beginning.

“As we move closer to launching our next generation bank, we look forward to expanding our customer-centric approach to even more people through new products and services, and making Zopa the best place for our customers’ money.”

Last week, Zopa announced three appointments to its executive team, including a new chief financial officer.

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