Zopa secures £20m in a Series H follow on funding round led by IAG Silverstripe.
The internal fundraise was led by IAG Silverstripe with participation from existing investors to support ongoing growth.
Zopa is a digital bank holding a full banking licence and offering personal loans, credit cards, and savings products. It has attracted over 1.3 million customers and manages substantial deposits.
Zopa has raised £20m in a follow on funding round from existing backers. The investment follows the digital bank securing its full banking licence nine months prior and launching new credit card and savings products.
The fresh capital will support the company as it scales its operations amidst shifting consumer demands. Zopa has already gathered over £250m in deposits and established a strong financial position, pointing towards profitability through its lending capabilities.
The round was led by IAG Silverstripe, with additional backing from Augmentum, Waterfall managed Alternative Credit Investments, and Venture Founders.
