Breaking News
Zopa Bank Amasses £5 Billion in Customer Deposits
Zopa Bank has surpassed £5 billion in customer deposits. The news comes just four years after getting its banking licence and four months after surpassing its previous £4 billion deposits milestone.
The achievement reflects the convenience, accessibility and competitive rates offered with Zopa Bank’s award-winning savings accounts.
Zopa Bank offers easy access, boosted pots (Smart Saver), fixed term savings, and ISA (Smart ISA) accounts that allow customers to choose the interest rate and access requirements that best suit their needs.
Customers can build a savings habit by setting up Zopa’s auto-save functionality, choosing a regular date and amount to automatically transfer into their primary Zopa savings pot. Zopa Bank’s Smart ISA has been a key driver in achieving the £5bn deposits mark, notably taking a significant percentage of the £12.3 billion of inflows into ISA accounts in April 2024.
This milestone comes after Zopa announced its first full year of profitability earlier this year. The bank now has 1.3 million users and continues to grow its customer base at 30% year-on-year.
In May, Zopa partnered with Octopus Energy to enter the renewable energy market with a specialised BNPL offering for solar panels EV chargers.
Zopa’s savings products have also won multiple awards in 2024, including:
- Best Savings App, Best Fixed Rate Cash ISA Provider, and Personal Savings Provider of the Year at the Moneynet Awards 2024
- Best App Based Savings Provider at MoneyComms 2024
- Highly Commended for Best Savings Provider at the British Bank Awards 2024
- Commended for App Only Savings Provider of the Year at the Moneyfacts Consumer Awards 2024
Companies In This Post
- New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing Read more
- Bluefin and Basis Theory Partner to Enable Unified Tokenization Across Digital and In-Person Payments Read more
- Invest Bank and AUTON8 Build Partnership to Drive Digital Resilience and Banking Agility Read more
- ING’s AI Roadmap: Platform, People, and Agentic AI Read more
- UK-fintech Provided Over £17.5m in Emergency Wage Advances to More Than 55,000 Employees in the Last Year Read more
New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing
Sporta, the new financial home for UK sport, today announced a pioneering partnership with Performance Sailcraft and Magic
Invest Bank and AUTON8 Build Partnership to Drive Digital Resilience and Banking Agility
Invest Bank today announced the successful outcomes of its strategic partnership with AUTON8, a global leader in intelligent automation. The collaboration marks a milestone in strengthening regulatory resilience, operational efficiency, and customer-centric agility across both core and digital banking landscapes.
AYU Alternative Investment Network Launches Direct Capital Matching Service
AYU, the global private members' community for family offices and alternative investment funds, is launching AYU Capital, a matching service connecting funds and founders with verified family office investors.
Arab National Bank Leverages Intellect’s eMACH.ai Wholesale Banking Platform to Accelerate Digital Innovation
Arab National Bank (ANB) has implemented Intellect’s eMACH.ai Digital Transaction Banking solution to enhance its digital capabilities
Mortgage Magic™ Launches Integrated Remote KYC to Verify Clients Without the Paperwork
Mortgage Magic has announced the full integration of Electronic ID Verification (e-ID) into its broker workflow
IndusInd Bank Expands Gold Loan Network to 500 Branches Nationwide
IndusInd Bank has announced a significant expansion of its Gold Loan offering to an additional 245 branches, taking the total number of branches providing Gold Loan services to 500 across India. This expansion reinforces the Bank’s commitment to making secured credit more accessible, convenient, and reliable for customers nationwide.
State Bank of Texas Launches New Digital Banking Platform Powered by Alkami
Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a digital sales and service platform provider for financial institutions in the U.S., today announced that State Bank of Texas (SBT) has successfully gone live on Alkami’s Digital Banking Platform (Platform), delivering a modern and intuitive experience for both retail and business banking customers.
New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing
Sporta, the new financial home for UK sport, today announced a pioneering partnership with Performance Sailcraft and Magic
Bluefin and Basis Theory Partner to Enable Unified Tokenization Across Digital and In-Person Payments
Bluefin, the global leader in payment and data security infrastructure and PCI-validated point-to-point encryption (P2PE), today announced a strategic partnership with Basis Theory, a modern, API-driven tokenization and vaulting platform. Together, the companies enable enterprises to implement a unified token strategy across in-store, call center, online, and backend payment environments without expanding PCI scope or introducing new integration complexity.
Invest Bank and AUTON8 Build Partnership to Drive Digital Resilience and Banking Agility
Invest Bank today announced the successful outcomes of its strategic partnership with AUTON8, a global leader in intelligent automation. The collaboration marks a milestone in strengthening regulatory resilience, operational efficiency, and customer-centric agility across both core and digital banking landscapes.
ING’s AI Roadmap: Platform, People, and Agentic AI
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
UK-fintech Provided Over £17.5m in Emergency Wage Advances to More Than 55,000 Employees in the Last Year
PayCaptain, the world’s first B Corp-certified payroll solution, reports a landmark year of growth, with a 73% increase in new customers for 2025 and an average of 70% YoY revenue growth in the last two years. As the cost-of-living crisis deepens, PayCaptain has provided financial agility for 55,000 employees across 260 forward-thinking brands including TGI Fridays, Dishoom, Roadchef, NEOM, Charlie Bigham’s and Monica Vinader dedicated to combining efficient payroll with tools to support the financial health of staff.
TreviPay Announces AI-Powered Growth Center to Help Enterprises Predict Buyer Behavior and Drive B2B Sales
TreviPay, a fully managed B2B payments platform, today announced the availability of the Growth Center, a set of capabilities within the TreviPay Client Portal to help identify buyer growth opportunities more strategically and build stronger, longer-lasting supplier relationships. With its advanced features, the new Growth Center enables businesses to explore buyer needs, spot trends and optimize key steps in the order-to-cash (O2C) process. Integrated into TreviPay’s global payments network, the customizable add-ons will help businesses use their O2C programs to deepen buyer relationships and drive lasting engagement.
AYU Alternative Investment Network Launches Direct Capital Matching Service
AYU, the global private members' community for family offices and alternative investment funds, is launching AYU Capital, a matching service connecting funds and founders with verified family office investors.