Zopa Blog

Zopa launches revolutionary new credit card designed to help customers stay in control of their money

Zopa launches revolutionary new credit card designed to help customers stay in control of their money

Includes innovative ‘Safety Net’ feature enabling customers to set aside part of their credit limit for unexpected expensesOther features include real time balances and instant notifications And in-app tools such as PIN prompts, freezing the card due to suspected…

Posted on 28 October 2020
by Tamsin O'Neill

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Research: More than half of consumers set to secure car finance online

Car finance Zopa news

Research: More than half of consumers set to secure car finance online

More than half (56%) of car finance set to be secured online for the first time ever Brits put off by the tradition of haggling for car finance, with nearly half (49%) of Brits saying…

Posted on 30 September 2020
by Tamsin O'Neill

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Your money Zopa news

Latest research: Brits focus on futureproofing their finances

More than a third of Brits plan to lock money away for future lockdowns Research from new bank Zopa reveals nearly one in three Brits (30%) were unprepared for lockdown…

Posted on 03 July 2020
by Tamsin O'Neill

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Zopa launches new digital bank, offering consumers a compelling alternative when they need it most

Your money Zopa news

Zopa launches new digital bank, offering consumers a compelling alternative when they need it most

Zopa has been granted a full UK bank licence New bank will start by offering a fixed term saving account followed by an innovative credit card later in the year These new products will launch in addition to Zopa’s existing personal loan and auto loan products Bank will sit…

Posted on 24 June 2020
by Tamsin O'Neill

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Investments Our products

Zopa at 15 🎈

Looking back to 2005, our latest analysis demonstrates the strength of our investments This March, we're celebrating 15 years of Zopa. That's fifteen years of online lending and giving customers…

Posted on 11 March 2020
by Tamsin O'Neill

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2019 – Zopa’s year in the news

As we welcome in the New Year, we take a look back at our highlights from 2019 that were covered by the press. From announcing our largest fundraise to date,…

Posted on 07 January 2020
by Tamsin O'Neill

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New securitisation of Zopa loans receives first ever AAA rating for P2P loans globally

Today we announced that the senior tranche of a new securitisation of loans originated through Zopa has been rated AAA, the first ever pure P2P securitisation to achieve a AAA…

Posted on 09 December 2019
by Tamsin O'Neill

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Zopa Group announces £140m fundraise

Zopa has today announced it has raised £140m, signing its largest funding round to date. The additional investment is expected to enable Zopa’s banking entity to fulfil its regulatory capital…

Posted on 03 December 2019
by Tamsin O'Neill

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The tech behind Borrowing Power

FeelGood Money Tech Zopa news

The tech behind Borrowing Power

Using a unique combination of AI and data science to create our latest tool Today, we launched Borrowing Power, a new tool that combines AI, data science, and innovative technology…

Posted on 16 October 2019
by Tamsin O'Neill

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Debunking car finance myths – what do you really need to know?

Car finance FeelGood Money

Debunking car finance myths – what do you really need to know?

At Zopa, we believe all consumers should get a fair deal as standard. It’s your money after all, so why shouldn’t you get the most out of it? However, this…

Posted on 09 October 2019
by Tamsin O'Neill

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FeelGood Money Zopa news

The age of money maturity

Our latest research uncovers the age when people finally feel good about their money 31 is the age of money maturityMen feel they're good with money four years earlier than…

Posted on 25 September 2019
by Tamsin O'Neill

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FeelGood Money Zopa news

For Love & Money – Brits reveal their sharing limits

With 37 million people watching Love Island where islanders share a villa, a bed, food and even their dates, we've revealed the true nature of Brits sharing habits. Our latest…

Posted on 21 July 2019
by Tamsin O'Neill

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What’s making the nation sweet this summer?

FeelGood Money Zopa news

What’s making the nation sweet this summer?

Check out our Ice Cream Index to find out which summer spends make the top 20 Our latest research reveals that it’s the small things in life that give us…

Posted on 19 July 2019
by Tamsin O'Neill

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Gen Z the financially savvy generation

The days of Bank of Mum & Dad are coming to an end as Gen Z takes control of their financial future Over a third have more than £1,000 squirrelled…

Posted on 28 May 2019
by Tamsin O'Neill

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Cut the coffees! By saving £4 a day parents could help ease the burden of university debt

Zopa reveals saving just £4 a day per child during school years could help parents save £27,750; enough to cover current university feesResearch comes ahead of 2019 A Level exam…

Posted on 17 April 2019
by Tamsin O'Neill

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It’s serious business playing house: Brits spend £83bn on upgrading their home every year

Our latest research reveals that Brits are spending £83 billion on upgrading their home each year. This equates to the average house-proud adult splurging £3,048 to spruce-up their “castle” with…

Posted on 17 April 2019
by Tamsin O'Neill

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Funny Money: Zopa rewrites outdated money idioms

FeelGood Money Zopa news

Funny Money: Zopa rewrites outdated money idioms

Zopa recently took a look at different money idioms and gestures – like asking for the bill by miming signing a cheque, or flipping heads or tails with a coin…

Posted on 09 April 2019
by Tamsin O'Neill

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‘Keeping up with the Kardashians’ costs Britons £6 billion a year

Britons are spending over £6 billion a year to buy a taste of a celebrity lifestyle One in four UK adults spending habits are influenced by celebritiesA fifth buy items…

Posted on 07 March 2019
by Tamsin O'Neill

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Zopa warns savers on Personal Savings Allowance

5 million savers could be in for a nasty tax bill if they exceed allowanceSavings accumulated over time will be taxable if they exceed allowance – while money saved in…

Posted on 28 February 2019
by Tamsin O'Neill

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1 in 3 Brits in the dark on Cash ISA rate

Savers out of touch with interest rates risk losing billions of pounds to inflation A middle investment option that balances risk and return – such as the IFISA – could…

Posted on 20 February 2019
by Tamsin O'Neill

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British savers stuck between a rock and a hard place, but are they missing the trick in the middle?

67% of Brits are concerned about the currently volatility of the stock market Poor returns on traditional savings products continue to disappoint savers with the popularity of the Cash ISA falling to an…

Posted on 13 February 2019
by Tamsin O'Neill

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The FeelGood Hotline – did you call in? ☎️

The FeelGood Hotline – did you call in? ☎️

As we’re the FeelGood MoneyTM company, it was only right that we tried to banish the January blues and spread some positivity around the country. And, on Wednesday 23rd January, we did just that. For one day only we set up…

Posted on 31 January 2019
by Tamsin O'Neill

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2018 – Our year in the news

2018 was another landmark year for Zopa with many of our milestones covered by the press. Here are our highlights from the last 12 months: Gaining banking licence After 13 years of offering fair and simple investments and…

Posted on 04 January 2019
by Tamsin O'Neill

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Zopa’s launching a bank

Watch out big banking - Zopa has its banking licence and is set to redefine the industry once again. Zopa’s new bank will sit alongside its existing business, creating the world’s first hybrid peer-to-peer and digital bank offering customers a…

Posted on 04 December 2018
by Tamsin O'Neill

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Zopa gives UK banknotes a feel good makeover as it gets banking licence

Zopa gives UK banknotes a feel good makeover as it gets banking licence

Our latest research reveals that over half of British adults don’t think their banks operate with customers’ best interests at heart, whilst nearly a third (30%) think their bank could…

Posted on 04 December 2018
by Tamsin O'Neill

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Zopa closes largest funding round to date at £60m

Zopa has today announced it has raised £60m, closing its largest funding round to date. Having built a sustainable and profitable peer-to-peer business (achieving full year profitability in 2017 for…

Posted on 08 November 2018
by Tamsin O'Neill

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Speaking my loanguage

Speaking my loanguage

We all say things differently. We have our own phrases and sayings that are specific to us and where we come from. We think this is pretty interesting, so we…

Posted on 05 October 2018
by Tamsin O'Neill

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Cars on the silver screen

Cars on the silver screen

With 1 in every 280 cars sold in the UK being bought with a Zopa loan, we love helping people get on the road. And like the rest of the…

Posted on 05 October 2018
by Tamsin O'Neill

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We lift the lid on the quirks commonly shared by British investors

We recently commissioned a study that revealed a number of interesting traits shared amongst British investors and their rituals. Investors tend go against the grain with their likes and dislikes…

Posted on 14 September 2018
by Tamsin O'Neill

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Why developers should learn design skills to create great products

Inside Zopa Zopian life

Why developers should learn design skills to create great products

Design skills can improve code like coding skills can improve design Designers are often encouraged to learn basic coding skills to better understand the medium they design for. I believe…

Posted on 31 August 2018
by Tamsin O'Neill

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Zopa celebrates £1.5m profit as revenues climb by 40% to £46.5m

Zopa has announced a 2017 profit after tax of £1.5m for its peer-to-peer business. This marks its move back into full year profitability*. It was a year of strong and…

Posted on 02 July 2018
by Tamsin O'Neill

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Hackathon: designing the future of comms

Inside Zopa Zopian life

Hackathon: designing the future of comms

Weeks before the event, I signed up for the MUXL’s UX hackathon. The hackathon was going to focus on designing a chatbot experience. It seemed like a great idea at the…

Posted on 11 June 2018
by Tamsin O'Neill

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Tech Zopian life

Three things I wish I knew earlier about Machine Learning

(Reposted from www.peadarcoyle.com) I’ve been working with Machine Learning models both in academic and industrial settings for a few years now, and I recently watched the excellent Scalable ML from…

Posted on 09 March 2018
by Tamsin O'Neill

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Zopa signals accelerated growth with three new hires to its Executive team

Zopa today announces the appointment of three new hires to its Executive team. The new hires come at a significant time in Zopa’s growth as it moves towards launching its…

Posted on 23 January 2018
by Tamsin O'Neill

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Inside Zopa Tech Zopian life

Women in Tech at Zopa

Last week, we hosted our first Women in Tech event at Zopa. People from all over the industry joined us for an evening of eating mince pies, networking and listening…

Posted on 22 December 2017
by Tamsin O'Neill

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Future of finance Tech

Open Source at Zopa

Recently we were contacted by the Python Sprints Meetup - a group that wants to encourage people to contribute to Open Source via workshops and sprints. One of our data…

Posted on 13 December 2017
by Tamsin O'Neill

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Second securitisation of Zopa loans shows market’s confidence in Zopa’s lending

The second securitisation of loans originated through the pioneering financial services company, Zopa, was priced yesterday at significantly tighter spreads compared to last year’s transaction. It reflects the growing maturity…

Posted on 25 October 2017
by Tamsin O'Neill

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Investments Our products

5 things to know about switching your repayments to Core or Plus

Back in June, we launched our newest investment product, Zopa Core, alongside our IFISA. Core invests your money in Zopa’s risk markets A*-C and will replace Access and Classic from…

Posted on 15 September 2017
by Tamsin O'Neill

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A look back at Zopathon 2017

Last week Zopians assembled for the third annual Zopathon. The Zopathon is a chance for teams from across Zopa to take a brief step away from their day jobs to…

Posted on 14 September 2017
by Tamsin O'Neill

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Tips for honing your logistic regression models

When we create our Credit Risk assessment or Fraud prevention machine learning models at Zopa, we use a variety of algorithms. These include classification and regression trees, more complex algorithms…

Posted on 20 July 2017
by Tamsin O'Neill

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Zopa research confirms that the kitchen really is the heart of the home…and a new one can deliver homeowners more than 50% return on investment

A quarter of British homeowners looking to improve their homes this summer are choosing to renovate their kitchen and seeing a 51% return on investment as a result, according to…

Posted on 20 July 2017
by Tamsin O'Neill

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Building better platforms with Kubernetes

Zopa is both a ‘finance’ and a ‘technology’ company. It is our passion for technology that enables us to deliver better and more innovative financial services and products. Our…

Posted on 16 June 2017
by Tamsin O'Neill

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Inside Zopa Zopian life

Volunteering at Zopa

Zopa introduced volunteering days in August last year and so far 64 staff have volunteered for charities across the country. Zopians can volunteer for any registered charity and the company…

Posted on 07 June 2017
by Tamsin O'Neill

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Inside Zopa Zopa news

Zopa opens development centre in Barcelona

Zopa has opened a development centre in Barcelona, Spain. The new hub will initially focus on building the technology to support the launch of our next generation bank and developers…

Posted on 07 June 2017
by Tamsin O'Neill

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Health-monitoring in production (beyond logs)

Here at Zopa, we are about halfway through our journey of breaking up our venerable monolith into various microservices. It shouldn’t come as a surprise that whilst a microservice architecture…

Posted on 13 April 2017
by Tamsin O'Neill

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Inside Zopa News

The story behind Zopa’s new logo

Gemma Newton, Zopa's Brand Manager, gives some insight into the journey behind Zopa's December 2016 redesign. The challenge Zopa is a force for good in its industry, driven by making…

Posted on 03 March 2017
by Tamsin O'Neill

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Machine learning at Zopa: looking at the trees and the forests

At Zopa, we do a lot of machine learning. We make our machines learn to evaluate credit risk and fraud. We train them to produce fair pricing for our customers,…

Posted on 13 February 2017
by Tamsin O'Neill

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Inside Zopa Loans News

Personal Loan Provider of the Year for the fourth year in a row!

The 2017 awards season has started off with a bang with Zopa winning the Personal Loan Provider of the year award for the fourth consecutive year at the Consumer Moneyfacts…

Posted on 27 January 2017
by Tamsin O'Neill

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Investments Our products

Queue management, explained

Whether you’re new to Zopa, or an early adopter making your umpteenth deposit, your new money follows the same path: it goes into the queue for your selected product where…

Posted on 13 January 2017
by Tamsin O'Neill

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Inside Zopa News

Read all about it! Zopa in the news in 2016

2016 was an exciting year for Zopa and it was reflected in our extensive press coverage. It was a year of firsts and milestones for us as we released innovative…

Posted on 06 January 2017
by Tamsin O'Neill

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Inside Zopa News

A winning week for Zopa

We’re pleased to announce that Zopa has picked up some more accolades in December. We took home a number of prizes from the alternative finance industry news experts at AltFi,…

Posted on 21 December 2016
by Tamsin O'Neill

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Inside Zopa News

Zopa’s Christmas 2016 opening hours

Zopa will shut for the Christmas weekend at 1pm on 23rd December, but will be open as normal on all other days apart from the bank holidays. Here’s a full…

Posted on 20 December 2016
by Tamsin O'Neill

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Tech Zopian life

Jump into OKRs without jumping off-track

TL;DR If you're starting your journey with OKRs and it's scary, fear not! The mere fact you've started means you're doing well. Stay enthusiastic! At Zopa, we're split into autonomous…

Posted on 16 December 2016
by Tamsin O'Neill

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Inside Zopa News

We have a new look!

After months of research, development, and testing, we’re thrilled to unveil our brand new look. This fresh new identity will give us a springboard for our ambitious plans to bring…

Posted on 06 December 2016
by Tamsin O'Neill

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Data Democratization. What, why, and how?

What is “Data Democratization”? Why are there 5.4 million hits in Google Search for this term? Do we care? Should we care? What? In the beginning, there was data. Not…

Posted on 02 December 2016
by Tamsin O'Neill

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Inside Zopa Tech Zopian life

Zopathon 2016 – What happened on the night

Zopa’s second ever hackathon was in full swing last weekend, providing a mix of operations, product people and developers with the best possible environment to identify an existing problem, come…

Posted on 23 November 2016
by Tamsin O'Neill

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Inside Zopa Tech Zopian life

Aligning teams behind solving a single customer problem with design sprints

At Zopa we are great at delivering production features by working agile. However, how do we always know what adds real value to the customer, meets their expectations and therefore…

Posted on 11 November 2016
by Tamsin O'Neill

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The birth of Predictor

Machine Learning at Zopa At Zopa, we love our customers. We also love data. What is the best way to combine these two loves? Machine learning! We do a lot…

Posted on 21 October 2016
by Tamsin O'Neill

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Future of finance Tech

The tech behind Zopa – how we’re building the future of finance

This is the first in a new series of posts about the technology that drives Zopa. To read more, visit our tech homepage. In 2004 Zopa founded a new type…

Posted on 06 October 2016
by Tamsin O'Neill

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Inside Zopa News

Zopa and Airbnb team up to unlock the rental potential of UK homes

We’re excited to announce Zopa’s latest partnership! We’ve teamed up with Airbnb to help our customers make the most of their homes and help pay back their loan. How it…

Posted on 04 October 2016
by Tamsin O'Neill

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Managing your money Your money

Classic cars as an asset class

Everyone has a hobby, something they enjoy spending time and money on. Some hobbies are less expensive than others (like running, but even then that can add up once you…

Posted on 30 September 2016
by Tamsin O'Neill

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Inside Zopa News

Zopa and securitisation

Today’s announcement of the first ever securitisation of loans originated through the Zopa platform is great news for everyone involved with Zopa. It is a key milestone in our growth…

Posted on 27 September 2016
by Tamsin O'Neill

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Investments Our products

Staying agile in changing economic environments

This is our last piece in our current series on risk management and analytics at Zopa. In previous posts I’ve discussed our approach to risk and the vast amount of…

Posted on 09 September 2016
by Tamsin O'Neill

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Inside Zopa News

Zopa partners with Pariti

Zopa has partnered with new app, Pariti, to help customers discover money saving opportunities for expensive debt such as credit cards. Zopa's newest partnership This is the latest Zopa partnership…

Posted on 07 September 2016
by Tamsin O'Neill

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Investments Our products

Zopa rates – from borrower APRs to lender returns

In our previous post, Zopa rates: An introduction, we talked about the different kind of rates at Zopa, and what they each mean. This time, we’ll be discussing the relationship…

Posted on 19 August 2016
by Tamsin O'Neill

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Investments Our products

Highlights of Zopa returns since 2012

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…

Posted on 12 August 2016
by Tamsin O'Neill

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Investments Our products

Mythbusting Safeguard

Last time, I wrote to you about how we use our vast stores of information in risk analysis. This time, we’re going to take a look at Safeguard, how it’s…

Posted on 12 August 2016
by Tamsin O'Neill

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Investments Our products

Four month update on our new lending products

Four months on from the launch of our new lending products and we're pleased to say they've been performing extremely well. Customers have been quick to adopt Access, Classic, and…

Posted on 04 August 2016
by Tamsin O'Neill

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Investments Our products

How Zopa uses data for informed decisions on risk

In my previous post, I wrote to you about Zopa’s performance during the 2007/8 recession. This time, I wanted to go into more detail about how we use our decade’s…

Posted on 29 July 2016
by Tamsin O'Neill

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Investments Our products

Zopa’s performance during the 2007/8 recession

As I sat down to write this, the media were avidly discussing the potential of the first interest rate move in seven years – not up as we were discussing…

Posted on 15 July 2016
by Tamsin O'Neill

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Future of finance Inside Zopa

Trends in the sharing economy 2016

Recently I was lucky enough to attend the Sharing Economy Conference. The conference was focused on celebrating how the sharing economy is changing the way people buy goods and services…

Posted on 13 July 2016
by Tamsin O'Neill

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Loans Our products

Zopa and credit scores

We want to explain exactly how Zopa uses your credit history and other information to make lending decisions. Step one – the soft credit search When you ask for a…

Posted on 11 July 2016
by Tamsin O'Neill

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Investments Our products

An update on Classic and Plus rates

A few months ago, we launched our new range of lending products. The rates we set reflected the marketplace at the time. Since then, the markets have changed, giving us…

Posted on 31 May 2016
by Tamsin O'Neill

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Investments Our products

Data Security and the Weekly Update

You trust us with your money, and we don’t take that responsibility lightly. As a result, we’re making some changes to the information you receive in your Weekly Update. Currently,…

Posted on 23 May 2016
by Tamsin O'Neill

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Investments Our products

Service update – the “Settled” state

We wanted to update you on a recent change we made to our services. As part of our commitment to transparency for our customers, and to improve how we deal…

Posted on 04 May 2016
by Tamsin O'Neill

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Investments Our products

Service update – the ‘hardship’ status

We wanted to let you know about some recent changes to our services. As part of our efforts to increase transparency for our customers, and to improve the way we…

Posted on 22 January 2016
by Tamsin O'Neill

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Zopa Christmas opening hours

Zopa will shut at 3pm on Christmas Eve, but will be open as normal for enquiries on all days apart from the bank holidays. Here is a full rundown of…

Posted on 21 December 2015
by Tamsin O'Neill

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Zopa Limited is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register (718925). Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa Limited (05197592) and Zopa Bank Limited (10627575) are both incorporated in England & Wales and have their registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG.

© Zopa Bank Limited 2019 All rights reserved. ‘Zopa’ is a trademark of Zopa Bank Limited.

Zopa is a member of Cifas – the UK’s leading anti-fraud association, and we are registered with the Office of the Information Commissioner (ZA275984, Z8797078).