Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees.
Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen. Zopa works in the following way: the company first categorizes borrower credit grades with an A*, A, B, C or Y rating; then lenders make offers that vary by money amount and time period for persons with a certain credit grade; and borrowers can then agree the aggregate offered rate.
The Fintech Times Bi-Weekly News Roundup on Tuesday 15 April 2024 serves up the latest industry movers and partnerships. Appointments Stearns Bank, a financial institution …
Zopa Bank says they are focused on fundamentally "changing the relationship between people and their money for the better."
British digital bank Zopa is getting closer to going public, but CEO Jaidev Janardana said the London markets might feel differently.