Wallets/zopa
Zopa
0 standards supported
Overview
Zopa is a UK digital bank operated by Zopa Bank Limited, notable for having launched in 2005 as the world's first peer-to-peer (P2P) lending platform before transforming into a fully licensed bank in 2020 [1, 2]. Zopa now offers savings accounts, personal loans, credit cards and a smart-money app, and reported reaching profitability and several million customers. It closed its legacy P2P business in 2021 to focus on the bank.
History
2005 — Zopa founded as the world's first P2P lender [2]: Pioneered marketplace lending, matching individual lenders with borrowers.
June 2020 — UK banking license granted [1, 2]: Zopa received a full banking license and launched savings and credit-card products under Zopa Bank.
2021 — P2P business wound down [2]: Zopa exited peer-to-peer lending to concentrate fully on the bank.
2022-2023 — Profitability + funding [2]: Zopa raised a large round (including SoftBank Vision Fund 2 participation) and reported reaching profitability as a bank.
Ownership & operator
Operating entity: Zopa Bank Limited (UK).
Major investors: SoftBank Vision Fund 2, IAG Silverstripe, Augmentum Fintech and others [2].
Regulators: FCA + PRA (UK); deposits FSCS-protected.
Technical integration
| Layer | Description |
|---|---|
| Channels | Zopa mobile app (iOS + Android) + Zopa card |
| Identifiers | Email + phone + sort code + account number |
| UK rails | Faster Payments + BACS |
| Card network | Mastercard / Visa (credit card) |
| Wallets | Apple Pay + Google Pay via EMV tokenization |
| Products | Savings, personal loans, credit card, car finance, smart-money tools |
Implementations & partners
Operator: Zopa Bank Limited (FCA + PRA-regulated UK bank).
Heritage: World's first P2P lender (2005), converted to bank (2020).
Competitors: [[monzo]], [[starling]], [[atom-bank]], [[tandem-bank]], and incumbent UK lenders/credit-card issuers.
Status
- Zopa Bank Limited — full UK banking license since June 2020.
- Pivoted from world-first P2P lending (2005) to a licensed digital bank; P2P wound down in 2021.
- Reported profitability; precise current customer counts not consistently disclosed in verifiable form (~).
Sources
Source
Biography extracted from zopa.md. See matrix.md for standards-support matrix if present.