• Zopa, the U.K. P2P lending company, closes £60M round on path to launching a bank

    8 days ago - By Tech Crunch

    Obtaining a banking license and then launching an actual new retail bank requires capital. A lot of capital. Enter Zopa , the U.K. peer-to-peer lending company that wants to become a bank, which today is announcing that it has closed £60 million in further funding. Only £16 million is actually new new money, having already disclosed £44 million in August, so this is effectively an extension of that earlier fund-raise.
    To purpose remains the same, however: Zopa says it will use the latest round of investment towards the capital needs for its yet-to-launch “next generation bank”. The company...
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