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The funding round was led by IAG Silverstripe and will support the bank as it targets full-year profitability.
"Today’s equity round reaffirms the support of our investors despite the challenging economic environment. It is a clear validation of Zopa’s responsible, sustainable and profitable approach to lending, our strong unit economics, and our vision to build Britain’s best bank."
The digital bank has raised £220m in a round led by Softbank Vision Fund 2 to back its ongoing expansion.
"We believe Zopa’s fast-growing market penetration reflects high customer demand for adaptable financial services within a usable platform that can be customized to their specific needs. Zopa is fast emerging as a leading player in the UK’s nascent neo banking sector and we are proud to partner with Jaidev and the team on this journey."
The internal fundraise was led by IAG Silverstripe with participation from existing investors to support ongoing growth.