Total amount raised
$1.2B
Latest funding date
2025-05-14
Location
Zopa has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a range of financial products, including personal loans, credit cards, and savings accounts.
Keep reading to explore the intricacies of Zopa's fundraising journey and the investors backing this innovative platform.
Zopa, the UK-based digital bank, has raised funding across multiple rounds backed by a broad group of institutional and strategic investors including SoftBank Vision Fund 2, A.P. Moller Holding, IAG Silverstripe, Northzone, and Bessemer Venture Partners.
Keep reading to explore Zopa's fundraising journey from its early peer-to-peer lending roots through to its latest AT1 capital raise.
What Is Zopa?
Zopa is a UK-based digital bank offering personal loans, credit cards, savings accounts, and everyday banking products. Founded in 2005 as the world's first peer-to-peer lending platform, Zopa transitioned to a full-service bank after receiving its banking licence in 2020. It now serves over 1.4 million customers with £5 billion in deposits and is profitable, with its current account launch planned for 2025. Zopa is headquartered in London, UK.
How Much Funding Has Zopa Raised?
- Venture Round
- Amount Raised: £15M (~$25M)
- Date: January 2014
- Lead Investors: Arrowgrass Capital Partners
- Participants: Augmentum Capital, Wellington Partners
- Venture Round
- Amount Raised: £70M (~$106M)
- Date: December 2015
- Lead Investors: JP Morgan Chase
- Series F
- Amount Raised: £32M (~$41M)
- Date: June 2017
- Lead Investors: Wadhawan Global Capital, Northzone
- Series G (Part 1)
- Amount Raised: £44M (~$57M)
- Date: August 2018
- Lead Investors: Bessemer Venture Partners
- Participants: Northzone, Augmentum Capital, Wadhawan Global Capital
- Series G (Part 2)
- Amount Raised: £16M (~$21M)
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Participants: Bessemer Venture Partners, Northzone, Augmentum Capital, Wadhawan Global Capital
- Series H
- Amount Raised: £140M (~$182M)
- Date: December 2019
- Lead Investors: IAG Silverstripe (IAG Capital)
- Venture Round
- Amount Raised: £20M (~$28M)
- Date: March 2021
- Lead Investors: IAG Silverstripe
- Participants: Augmentum Fintech, Waterfall Asset Management, Venture Founders
- Venture Round
- Amount Raised: £220M (~$300M)
- Date: October 2021
- Lead Investors: SoftBank Vision Fund 2
- Participants: Chimera Abu Dhabi, IAG Silverstripe, Northzone, Davidson Kempner Capital Management, Augmentum Fintech
- Venture Round
- Amount Raised: £75M (~$93M)
- Date: February 2023
- Lead Investors: IAG Silverstripe
- Participants: Davidson Kempner Capital Management, Augmentum Fintech
- Debt Financing
- Amount Raised: £75M (~$95M)
- Date: September 2023
- Lead Investors: IAG Silverstripe
- Series H (Equity)
- Amount Raised: £68M (~$87M)
- Date: December 2024
- Lead Investors: A.P. Moller Holding
- Participants: Existing investors including Augmentum Fintech, IAG Silverstripe, Davidson Kempner Capital Management
- Debt Financing (AT1 Capital)
- Amount Raised: £80M (~$106M)
- Date: May 2025
- Lead Investors: Undisclosed (20+ existing and new institutional investors; Jefferies acted as Structuring Adviser and Sole Lead Manager)
Total Amount Raised: At least $1.2B based on disclosed funding across all rounds.
Key Investors
- A.P. Moller Holding
- Details: Danish conglomerate (owner of Maersk and Danske Bank), led Zopa's December 2024 equity round of £68M (~$87M) at a $1B+ valuation.
- SoftBank Vision Fund 2
- Details: Led Zopa's £220M October 2021 venture round that valued the company at $1 billion, marking its unicorn status.
- IAG Silverstripe
- Details: Long-term lead investor across multiple rounds including the £140M Series H (2019), £20M (March 2021), £75M equity (Feb 2023), and £75M debt (Sep 2023) rounds.
- Northzone
- Details: European venture capital fund that co-led the 2017 Series F alongside Wadhawan Global Capital and has participated in multiple subsequent rounds.
- Bessemer Venture Partners
- Details: US venture firm that led Zopa's 2018 Series G (Part 1) and has participated in follow-on rounds.
- Augmentum Fintech
- Details: UK-based specialist fintech VC that has participated in multiple Zopa funding rounds from the early years through to the December 2024 equity round.
- Davidson Kempner Capital Management
- Details: US-based alternative asset manager that has been a recurring participant in Zopa's funding rounds including the 2021, 2023, and 2024 raises.
What's Next for Zopa?
Zopa is positioning itself as a full-service digital bank for UK consumers. With its current account launch planned for 2025, Zopa aims to deepen customer relationships beyond loans and savings. The company has also been developing generative AI-powered financial tools and continues to explore M&A opportunities. Having already achieved profitability, Zopa's next major milestone could be a public market listing, though management has indicated an IPO is not an immediate priority. The latest AT1 capital raise strengthens the bank's regulatory capital base as it scales its everyday banking ambitions.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data. Sign up for free today.
