Zopa Closes £15M Funding

▤ Summary

Zopa, a London, UK-based peer-to-peer lending company, closed a £15m (approximately $25m) funding round.European focused alternative asset manager Arrowgrass Capital Partners made the investment.In conjunction with the funding, Henry Kenner, CEO of Arrowgrass, has joined Zopa’s board as a non-executive director.Founded in 2005 by Giles Andrews, CEO, Zopa is a peer-to-peer finance company that enables savers to receive better rates by lending money to people looking for low-cost loans.The company has also been backed by Augmentum Capital and Bessemer Venture Partners.

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