Zopa Bank Secures €80 Million in equity funding led by A.P. Moller Holding

Zopa, the digital-first bank redefining personal finance in the UK, has raised over €80 million (GBP £68 million) in an equity funding round led by A.P. Moller Holding alongside existing investors. This milestone underscores the bank’s robust financial performance and positions it for further growth as it prepares to launch its flagship current account in 2025 and a groundbreaking GenAI-powered proposition to transform how customers manage their money.

Jaidev Janardana, CEO of Zopa, expressed enthusiasm about the fundraise:

“Today’s fundraise validates our financial performance and growth potential. Since launching our bank in 2020, we’ve consistently offered financial products that deliver great value and ease to our customers, supporting our vision to build Britain’s best bank. We are thrilled to have investors who share our excitement at the opportunity to serve more customers across more product categories as we aim to become the go-to bank for millions of consumers.”

Zopa’s Remarkable Growth in 2024

Serving over 1.3 million customers, Zopa has solidified its reputation for financial innovation. The bank offers solutions that improve financial health, provide competitive savings products, and simplify debt repayment through market-leading tools such as balance transfer cards. Recent partnerships with UK retail giants like John Lewis and Octopus Energy further demonstrate Zopa’s commitment to customer-centric solutions, including its regulated BNPL and retail finance products that support sustainable energy transitions.

Blending Agility with Expertise

Since its inception as a bank in 2020, Zopa has lent over £13 billion to UK consumers, secured more than £5 billion in deposits, and boasts £3 billion in loans on its balance sheet. Employing nearly 850 people, the bank enjoys one of the highest employee satisfaction scores in UK fintech.

Zopa’s full banking license ensures adherence to the highest regulatory standards, offering customers FSCS protection of up to £85,000 per account. Consistently recognized for excellence, Zopa was named the UK’s Best Personal Loan Provider and Best Credit Card Provider at the 2024 British Bank Awards.

This funding round propels Zopa closer to its mission of becoming Britain’s best bank, seamlessly blending digital agility with over two decades of lending expertise.