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UK challenger bank Zopa has secured £220m in funding, as it edges closer to becoming profitable.
Zopa has found 4 in 10 UK consumers would use open banking to apply for credit if it boosted the chance of getting an offer or gave them access to better rates than banks.
Challenger bank Zopa raised a £20m round led by IAG Silverstripe to help the firm further expand its footprint.
Peer-to-peer lending platform Zopa has received its full banking licence and will look to launch a new set of products, beginning with a fixed-term savings account.
In a time when the UK relies on key workers to keep the country running, many of these professionals have seen the credit offerings available to them reduced, which is something ClearScore hopes to change with its new initiative.
UK FinTech sector hit a new record for deal activity in 2019UK FinTech companies have raised over $19.5bn across 1,171 transactions since 2015, reaching...
Zopa, a peer-to-peer (P2P) lender with the goal of becoming a challenger bank, has secured £140m in funding.
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