Zopa laughs all the way to the bank

0
16

  • Banking
  • Food and drink
  • Economics
  • Investment
  • Aviation
Jaidev Janardana, chief executive of Zopa, with his co-founder, Giles Andrews Jaidev Janardana, chief executive of Zopa, with his co-founder, Giles AndrewsGEOFF PUGH/REX/SHUTTERSTOCK

Britain’s oldest peer-to-peer lender has completed its latest funding round, raising £60 million just over a month after Funding Circle, one of its biggest competitors, completed a £1.5 billion stock market listing.

Zopa, which raised £44 million in August, did not say how much the new funding round valued it at, but earlier this year it was reported to be targeting £400 million.

“This new funding takes us a step closer to realising our vision of being the best place for money in the UK,” Jaidev Janardana, the chief executive who co-founded Zopa alongside Giles Andrews, said.

Jobs and pay increase
The number of new hires reached “near-record rates” last month, but companies had to pay people more, according to the Recruitment and Employment Confederation.…

Want to read more?Subscribe now and get unlimited digital access on web and our smartphone and tablet apps, free for your first month.Start your free trial

  • Banking
  • Food and drink
  • Economics
  • Investment
  • Aviation