04.12.18

Zopa Banking Licence


TruFin is pleased to confirm that Zopa Financial Services Limited (a subsidiary of Zopa Group Limited, "Zopa") has been granted its banking licence with restrictions. This is a critical milestone for Zopa on its journey towards a full banking licence.

Jaidev Janardana, Zopa CEO, commented: "Zopa is uniquely positioned to succeed among challenger banks because of its 13 year track record of lending and risk management combined with cutting edge technology and excellent customer experience. Launching a bank, alongside its P2P offering, will enable Zopa to offer a wider range of products to its customers and build a more profitable and resilient business."

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