10th February 2017
P2P, Peer to Peer Lending
Peer-to-peer lending pioneers Zopa announced last week that they’ve once again set the trend by becoming first P2P platform in the UK to lend more than £2bn.
Just ahead of Funding Circle, at £1.92bn, the fintech platform has lent to 246,000 borrowers since launch in 2005.
And, during the past 12 years, the platform is said to have returned nearly £130million to investors, delivering constant results despite financial uncertainty. In line with the ‘trendsetting’ nature of the brand, it also announced last year that it is to create a new Zopa Bank to cross into the mainstream. 
Zopa CEO, Jaidev Janardana, said: “The £2 billion milestone demonstrates how far we have come, but our journey is only just getting started “Our decision to launch a next-generation bank reflects our mission to create better options for consumers and to shape the future of finance.”