Founded in 2020, Zopa Bank is the profitable tech Unicorn that is building Britain’s best bank. Its unique Peer-to-Peer heritage rooted in fintech brings 20 years of lending experience to its operations as well as £10 billion in personal loans approved.
In 4 years Zopa has secured its banking licence, grown to over 1 million customers and launched a diverse range of products including unsecured personal loans, point-of-sale, car finance, credit cards, savings accounts, and tools for improved financial management and health. Zopa Bank has been voted the UK’s Best Personal Loan Provider and Best Credit Card Provider at the 2024 British Bank Awards.
Zopa Bank was one of the fastest neo banks to reach annual profitability. Some highlights from our 2023 report:
1 ) Profit swung to £10.8 million in 2023 from a £23.8 million loss in 2022
2 ) Total Operating Income (TOI) up 45% to £224 million
3 ) Deposit base up 14.9%
4 ) Loans on balance sheet up 27.3% to £2.7 billion
5 ) Cost-to-income ratio down from 41.6% to 45.8%
Zopa Bank is rated 4.5 out of 5 on Glassdoor, with over 95% approval for our CEO.
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