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Zopa named a London Tech Hero

Monday June 15 sees the start of London Technology Week, which has been set up to celebrate the capital’s position at the centre of global high-tech development and entrepreneurship.

The event will bring together businesses from all over the world to network, share ideas and seek the funding that is crucial to getting innovative start-ups off the ground.

To mark the week, London & Partners, the company that promotes the city as a business destination, has put together a list of “London’s Tech Heroes”.

These are the 15 firms who have “successfully scaled up their tech business in London”, while creating jobs and, in many cases, expanding internationally.

London & Partners used a variety of sources to collate the list, including the Sunday Times Tech Track 100, the Deloitte Fast 50 and the Future Fifty compiled by TechCityUK. Also taken into account were factors such as company valuations and how much external funding has been obtained over recent years.

As you might have guessed by now, Zopa was one of the businesses that made the list. London & Partners says:

“At 10 years old, Zopa can almost be classed as a veteran in the fast-evolving world of alternative finance, and it is continuing to grow and make waves. It plans to lend £550m in 2015, compared to £268m last year. Its £5.4m turnover, which represents the commission it receives from facilitating the loans, gives it a 1 per cent share of the UK personal loans market.”

But who were the other names in the frame?

The list featured quite an eclectic bunch of technology firms, with the fintech sector represented, alongside Zopa, by TransferWise, an international money-transfer service that we have written about on this blog recently. Another remittance business, WorldRemit, was also included in the London & Partners line-up.

Further plaudits went to:

  • Just Eat, the online takeaway service that was originally launched in a basement in Denmark. The firm had its IPO on the London Stock Exchange last year and now operates in 13 countries.
  • Unruly, a digital advertising platform which has offices in 15 countries in four continents.
  • Shazam, a Hammersmith-based company that was launched way back in 2002 as a way for customers to identify music played on the radio or in bars and clubs. It has since expanded into TV, cinema and retail and has successfully ridden the smartphone wave to be valued today at more than $1 billion.
  • Mimecast, a corporate email service that has grown to employ more than 500 staff over the past 12 years.
  •, which organises online flash sales of everything from fashion and beauty products to booze and consumer electronics.
  • Omnifone, which provides the technology to back up a number of consumer music-streaming services.

For more information and to see the full list visit the London & Partners website here.