Type: Peer-to-Peer (P2P) Consumer Lending
Peer-to-Peer (P2P) Consumer Lending - geography: United Kingdom
CO. no.: Na.
Zopa was the world's first peer-to-peer lender launching back in 2005. We offer borrowers competitive low rate loans by matching them to our lenders who get a great return by cutting out the banks. In 10 years of lending we've helped over 200k people get a loan from our 80k lenders. Over Ł1 billion m has been lent & over Ł60m in interest returned.
Description: Spent the first ten years of his career pursuing all things automotive. This included co-founding Caverdale in 1992, a start-up taken to a Ł250m revenue motor retailer, renamed Godfrey Davis Motor Group and sold in 1997. He then set up his own consultancy business whose clients included Tesco and Tesco Personal Finance and which also provided start up advice and early stage funding for new businesses, until co-founding Zopa in 2004. Giles is also non-executive Chairman of Bethnal Green Ventures, the accelerator programme for people who want to make social and environmental impact using technology.
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Peer-to-peer lender Zopa saw its revenues double last year as more savers and borrowers used its platform ? but its losses also doubled as the business hired more staff to prepare for its planned future growth.
?We are delighted that we have doubled revenue in 2014, and we are on track to more than double it again this year to in the region of Ł23m,? said Zopa?s chief executive Giles Andrews.