FinTech Futures: Top five news stories of the week – 19 April 2024
Our pick of the top fintech news stories this week includes Klarna, Ramp, Zopa and more.
Zopa
UK challenger Zopa scores £15.8m pre-tax profit for 2023 as IPO nears
Zopa says revenues climbed 29.7% “despite the challenging macroeconomic environment”.
UK challenger Zopa looks to accelerate growth with £75m funding
This latest funding brings the total amount of capital raised by the bank to £530 million.
UK challenger Zopa appoints new COO and CTO
Kate Erb joins as chief operating officer (COO) and Peter Donlon as chief technology officer (CTO).
IFGS 2023: How crisis creates opportunity for fintechs
Funding Circle CEO Lisa Jacobs and Zopa CEO Jaidev Janardana took to the stage at IFGS 2023 in London.
Augmentum Fintech to double in size as it seeks £150m fundraise
The capital would be used within the next 18 months.
TrueLayer gains $35 million investment
Chinese tech giant, Tencent Holdings, led the latest round of funding.
Top ten digital bank initiatives in 2018
There have been a lot of digital bank projects in 2018. Here are our favourites.
Top fintech stories this week – 7 December 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Zopa unleashes UK challenger bank
New entity will sit alongside its existing P2P lending business.
Zopa closes £60m funding for bank dream
Largest funding round to date.
From Zopa to bank with new £44m funding
Zopa is moving from P2P lending to banking and savings.
Zesty Zopa reveals record lending figures
Zopa achieved revenues of $61 million in 2017.
TrueLayer makes Zopa an open banking player
API developer platform partnering with UK financial services company for launch of products.
Zopa enhances executive ranks with new trio
En route to its launch of a challenger bank later this year.
Fintech funding round-up: 2 June 2017
The money’s rolling in for fintech – as this round-up follows hot on the heels from 30 May. This latest report features Zopa, RateSetter and Niyogin Fintech. The plans of peer-to-peer (P2P) lender Zopa to launch a new digital-only bank in the UK are going well as it has completed a £32 million funding round […]
Lender firm Zopa to launch new digital bank
The “world’s first” peer-to-peer lender Zopa plans to launch a new digital-only bank in the UK. The application for a banking licence will be made to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The firm says the regulatory application process should take about 15-24 months. Jaidev Janardana, CEO of Zopa, says […]
Power to the people
The growth of peer to peer lending demonstrates that there is an alternative to the traditional lending model of banks. But can crowd funders ever replace the incumbents and do they enjoy long-run advantages or face being co-opted?
