Breaking News
Zopa reaches £1 billion in Customer Savings
Today Zopa have announced that their customers have trusted them with more than £1 billion of their hard-earned savings.
- Award-winning Zopa Fixed Term Savings Account offers a competitive rate up to 1.75% over 1-5 years at a time when rates are at a historic low.
- The account can be opened in as little as 7 minutes online and is fully protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
- In the past 18 months it has already topped the savings tables 15 times, offering great value and an intuitive digital experience.
Today’s milestone is a testament to Zopa`s customer-centric approach to innovation that strives to deliver products that tackle real financial needs.
Building the best bank for saving and borrowing
Zopa bank was launched 18 months ago with the bold ambition to create the UK’s best bank for saving and borrowing.
With unique fintech heritage and 16 years of lending experience, Zopa focus on better meeting the financial needs of UK customers in sectors where they have traditionally been poorly served, while also delivering an experience that matches their expectations of a digital-first company.
Where are they now?
- Since launching in 2020, Zopa has attracted £1 billion in deposits, more than £1 billion of loans on balance sheet, issued more than 200,000 credit cards becoming a top 5 credit card issuer in the UK, and tripled its revenue per customer.
- Zopa users rate its service as excellent with 4.7 out of 5 on TrustPilot
- Zopa has been voted the UK’s Best Personal Loan Provider 5 years in a row from the British Bank Awards.
Over the next 12 months, Zopa plan to double their savings portfolio again to £2 billion, launch an Easy Access product, and continue to innovate at the intersection of embedded finance and lending.
Companies In This Post
- YouLend and Intuit Team Up to Bring Embedded Capital to QuickBooks UK Customers Read more
- dLocal and Amway Partner to Strengthen Local Payments For Direct Selling Across Latin America Read more
- How Freedom Holding Corp Turned Technology Foundations into a Scalable Fintech Ecosystem | Freedom Holding Corp | The Fintech Show #161 Read more
- ComplyAdvantage Fintea Chats: Fighting Financial Crime in an Age of Faster, Smarter Criminals Read more
- ING: Why “Autonomous AI” Is Misunderstood Read more
YouLend and Intuit Team Up to Bring Embedded Capital to QuickBooks UK Customers
YouLend, the leading global embedded financing platform, and Intuit, the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced that they will make working capital available to QuickBooks business customers across the UK. The collaboration sees YouLend being selected as a launch partner for Intuit UK’s new Capital Marketplace, which connects QuickBooks customers with partners for financing, lines of credit and alternative financing.
TNS Completes Acquisition of BT Radianz
Transaction Network Services (TNS) has completed its acquisition of BT’s Radianz business. The deal brings together two long-standing providers of financial markets connectivity and expands access, reach and service capability for institutions worldwide.
Teciem Launches With Significant Investment to Grow and Innovate Treasury and Capital Markets Software Solutions
Teciem launches today with a mission to grow and innovate across its proven portfolio of treasury and capital markets software solutions, putting customers’ evolving needs at the centre of everything it builds and delivers. The Apax Funds are committing to support the new company following the completion of the purchase of Finastra’s Treasury and Capital Markets division. The investment will allow Teciem to deepen its focus on product development while growing and nurturing expert talent across the business.
Yaspa Becomes Founding Member of UNLV’s AI Research Hub to Advance Responsible AI Adoption in the Gambling Industry
Yaspa, a leading fintech specializing in payments and identity solutions, today announces it has become a founding member of the newly launched AI Research Hub (AiR Hub) at the University of Nevada, Las Vegas (UNLV) International Gaming Institute (IGI). This collaboration underscores Yaspa’s commitment to integrating next-generation financial technology with academic research to foster a safer, more sustainable gambling environment.
Arcesium Acquires Limina to Deliver a Unified Front-to-Back Investment Platform
Arcesium, a leading global financial technology provider to the investment industry, today announces its acquisition of Stockholm-based portfolio and order management (P/OMS) systems provider, Limina, creating a full front-to-back operating platform tailored to the unique needs of asset managers, hedge funds and asset owners. Through the integration of Limina’s P/OMS with Arcesium’s middle- and back-office solutions, the combined offering will be designed to eliminate legacy fragmentation and connect siloed data, providing investment managers with the speed and insight they need to operate intelligently across asset classes and global markets.
Finastra Enhances Commercial Loan Origination with Cloud-Native LaserPro Evaluate
Finastra today announced the launch of LaserPro Evaluate, a modern, cloud-native solution designed to streamline commercial loan workflows
FICO and Tech Mahindra Partner to Accelerate AI-Driven Decisioning and Core Banking Transformation
FICO has entered a global partnership with Tech Mahindra to help BFSI organizations accelerate value creation through AI-powered decisioning and advanced analytics
YouLend and Intuit Team Up to Bring Embedded Capital to QuickBooks UK Customers
YouLend, the leading global embedded financing platform, and Intuit, the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced that they will make working capital available to QuickBooks business customers across the UK. The collaboration sees YouLend being selected as a launch partner for Intuit UK’s new Capital Marketplace, which connects QuickBooks customers with partners for financing, lines of credit and alternative financing.
dLocal and Amway Partner to Strengthen Local Payments For Direct Selling Across Latin America
dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, has partnered with Amway, the world’s largest direct selling company, to deliver reliable, locally optimized online payments across Latin America.
How Freedom Holding Corp Turned Technology Foundations into a Scalable Fintech Ecosystem | Freedom Holding Corp | The Fintech Show #161
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
ComplyAdvantage Fintea Chats: Fighting Financial Crime in an Age of Faster, Smarter Criminals
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
ING: Why “Autonomous AI” Is Misunderstood
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Money Sent to Romance Scammers Jumps 37 Percent in a Year, as TSB Warns Public of Victims Trapped in Relationships Spanning Months
TSB’s latest report into romance fraud shows that money sent to scammers jumped by 37 percent in a year
Sixfold Raises US$30 Million Series B to Build the AI Underwriter
Sixfold, the AI underwriting Insurtech trusted by global insurers, has raised US$30 million in Series B funding