Zopa in the news
Giles Andrews, Zopa’s co-founder and executive chairman, and Jaidev Janardana, Zopa’s CEO, gave a joint interview to the Telegraph business section at the beginning of the month, which looked at the growth of the company and likely future trajectory. It appeared in a full page feature in the Sunday Telegraph as well as online: Zopa aims for enough growth to stop explaining its name. It included our response to last month’s comments by Lord Turner and looked in detail at the size of our loanbooks, returns to lenders and mentioned plans to move into secured car loans.
A blog post from Giles, Disrupting Finance: The P2P View appeared in the perspectives section of The Economist Intelligence Unit, looking at innovation in the peer-to-peer space.
Giles also gave an interview to Radio Four, where talked about the role of technology in creating Zopa’s efficient and transparent business model. As well as going out on BBC Radio Four Today programme on the morning of Good Friday, this was used as a standalone web piece: Zopa: customers ‘know where money goes’.
About the Innovative Finance ISA
With the approach of the new tax year, the Innovative Finance ISA has generated interest across the press. The Daily Express put the IF ISA in the context of the range of ISA options (Which ISA is best for you?) and the Mirror Online explained how they work (New innovative finance ISAs explained: How you can get high interest rates for your savings tax free).
The BBC and the FT examined the risk profile of peer-to-peer lending in their piece on the Innovative Finance ISA (BBC: The new Innovative Finance Isa: How risky will it be? and FT: Should you use your Isa for peer-to-peer lending?)and Which? wrote a piece looking at the regulatory delays (Innovative Finance ISA: what we know so far).
P2P examined – downturns and disruption
City AM looked at the impact of the next recession in its piece Peer-to-peer lending: what will happen in a downturn? in the Money magazine. This led with the fact that Zopa is the only peer-to-peer lender to have operated through the previous recession.
Influential FT columnist, Martin Wolf, including peer-to-peer lending as one of the three areas with the real potential to transform finance in his article Good news – fintech could disrupt finance.
BBC looked at challenges to the banks in a number of pieces this month. This included two pieces that mentioned peer-to-peer lending and Zopa (How your bank is reacting to competition and Is old tech putting banks under threat of extinction?) as well as others looking at the potential of blockchain technology and currency transfers.