Zopa Bank opens Manchester hub to boost UK growth

July 4, 2025

Zopa Bank is expanding its UK footprint with a new regional office in central Manchester.

The digital bank pioneer, which serves 1.5m customers, plans to open the office as early as August 2025.

The decision to set up in Manchester aligns with Zopa’s strategy of investing in innovation while maintaining proximity to its customers, with over 85% based outside London.

Manchester was chosen for its flourishing tech ecosystem, established financial services sector and deep talent pool. The city is home to more than 10,000 digital and tech firms, a vibrant startup culture and five universities with over 100,000 students, making it one of Europe’s fastest-growing technology hubs.

Initially, the Manchester office will host a team of over 50 employees working across product development, engineering, and specialist operations. Zopa has plans to scale the site to accommodate more than 500 staff over time.

Zopa chief people officer Iain Kendrick said, “With more than 85% of our customers based outside the capital, expanding into Manchester allows us to be closer to our diverse, nationwide customer base, access new talent, and accelerate our ambitious growth journey. Manchester has the energy, connectivity, and capability we need to support our next stage of expansion as we make Zopa a top-choice employer across regions.”

Leader of the Council Bev Craig said, “Manchester has an active and ever-growing digital and tech community that is attracting key businesses that can take advantage of the ecosystem we have built in the city to support organisations to thrive.

“The new Zopa office is a continuation of this and further bolsters our reputation internationally as an important centre for fintech – while also supporting Manchester’s own growth ambitions in the tech sector, creating great employment opportunities to our residents.”

The expansion comes as Zopa continues its rapid trajectory as one of the UK’s fastest-growing digital banks, maintaining double-digit growth and increasing profitability over the past year.