As Chris mentioned in his blog last week, the last four years have been an incredibly exciting time for Zopa. We’ve grown a lot, received some significant milestones, and celebrated our 10th birthday during that time.
But more importantly, we’ve continued to deliver consistent returns for our lenders. Let’s take a look at some key themes on the Zopa state of play since 2012:
We lent out around £854 million (to date) at an average rate of 4.8% (after defaults)
A lender investing £1,000 in Zopa in 2012 would have £1,200 today (based on annualised rates and factoring in compound interest)
And this £200 of interest would have been accrued steadily: unlike a similar investment at the same time into the stock market, which continued to be jumpy.
Meanwhile, looking at cash, Bank of England interest rates held at 0.5 (until July 2016), which continued the downward trend in interest rates for savers.
We’re pleased with our performance over the last four years, but we’re not going to rest on our laurels. We’re thinking ahead for the next four, and the four after that, and working on a game plan to ensure we keep delivering the returns you know and love from Zopa.