Zopa: From a Barn to £670 Million

By Jane Rey on 26th November, 2014 | Read more by this author

Giles Andrews, CEO and co-founder of Zopa, a consumer loans P2P lending company, was at the recent LendIt conference. His presentation, called “Born in a Barn“, showed just how far the world's first P2P lending company has come.

In ist ninth year, it has lent £250 million.

Zopa's bad-debt provision fund has easily covered all losses since it was first created. The reserve pot has now climbed to £6 million.

The website now has nearly 60,000 active lenders, who have earned £42 million in interest between them. £14 million of that was earned in the past year.

The average Zopa lender lends £6,400, which is around £1,000 more than the average for individual lenders who lend to consumers.

Sources: Zopa

Commission: we receive no commission from any of the P2P lending companies mentioned in this article for publishing their 4thWay Risk Ratings and 4thWay Insight Report, which are our own proprietary research products to help individual lenders like you make good investment decisions. We do not take commission for including P2P lending companies in our comparison tables. All P2P lending companies will be included over the next few weeks. Learn How we earn money fairly with your help.

Copyright BFGSL Ltd and 4thWay® 2014-2024. This peer-to-peer lending/IFISA comparison and ratings website is based on high-quality research, which requires investment. Please share content from our website by linking to it and not by copying it. See our T&Cs and Copyright Policy for more details and to buy additional rights. Acknowledge your sources.