Zopa, the British-based digital financial institution, is to cement its standing as a home-grown expertise unicorn with an £80m fundraising which incorporates cash from an arm of the huge AP Moller conglomerate.
Metropolis sources mentioned on Wednesday that the corporate had secured the brand new cash from various current traders, together with Silverstripe, in addition to an funding division of AP Moller.
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Zopa’s different shareholders embody SoftBank, the Japanese expertise large.
An announcement in regards to the fundraising, which is predicted to worth Zopa at a slight premium to its final spherical, could possibly be made shortly.
Zopa was based in 2004 and have become a pioneer within the burgeoning peer-to-peer sector.
It has since pivoted to give attention to extra mainstream banking providers.
The corporate not too long ago struck a take care of the John Lewis Partnership to supply private loans to the retailer’s clients.
JP Morgan is known to have suggested Zopa on the funding spherical.
The newest elevate underlines Zopa’s restoration from a rocky interval in 2019, when it scrambled to boost £140m with a view to keep away from shedding its fledgling banking licence.
Earlier this yr, it reported a full-year revenue for the primary time – a key milestone on the trail to an anticipated public itemizing of its shares.
Zopa is among the many corporations being courted by the London Inventory Alternate and Treasury officers to decide on London as its itemizing venue.
Others in that class embody Monzo and Starling Financial institution, though Revolut dealt the Metropolis a blow this week when its founder reiterated that he would like a US itemizing.
Klarna, the purchase now, pay later supplier, has filed for an preliminary public providing in New York.
Zopa has been contacted for remark.
