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Zopa, the UK neobank, snaps up $87M at a $1B+ valuation, eschewing the IPO route
Some believe Klarna’s planned IPO in 2025 could set the stage for other fintech startups to go public. But with the tech IPO market still sluggish, one of
In 2021, when Zopa announced a$300 million investment that first catapulted it to a $1 billion valuation, CEO Jaidev Janardana described it to TechCrunch as a “pre-IPO round” ahead of an offering at the end of 2022. The company has actually been around since 2005, when it started out as a pioneer in the peer-to-peer lending space, providing a platform to match up investors with borrowers at rates more competitive than traditional banks and returns that were more attractive than other investment opportunities. These have included partnerships with electricity supplier Octopus Energy, and with the retailer John Lewis to offer personal loans directly to its 23 million customers.
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