Zopa passes £4bn lending milestone

It claimed that this milestone equated to helping over 170,000 people get on the road with a new car, 135,000 to get back on track with their finances through a debt consolidation loan, and enabled 110,000 to enjoy a new kitchen or conservatory.

“Since pioneering the P2P lending industry globally in 2005, Zopa has helped over half-a-million people enjoy better value personal loans and investments,” claimed Jaidev Janardana, CEO at Zopa (pictured above).

“We’ve created a new asset class and redefined the experience people have come to expect from their financial provider.

“Passing £4bn shows that people want fairer and simpler financial products, underlining our ambition to meet a broader set of UK customers’ financial needs through the launch of our next-generation bank.”

In December, Zopa was awarded a banking licence with restrictions.