British peer-to-peer lender Zopa has now facilitated more than £1bn in loans, involving over 200,000 people. Founded in 2005, Zopa says that a decade on it is experiencing huge growth, with lending of £52m in July, a 122% increase on the same month in 2014. The site now has a two per cent share of the UK unsecured personal loans market and expects to lend in excess of £550m this year, more than doubling 2014’s total of £265m.
British peer-to-peer lender Zopa has now facilitated more than £1bn in loans, involving more than 200,000 people. Founded in 2005, Zopa says that a decade on it is experiencing huge growth, with lending of £52m in July, a 122% increase on the same month in 2014. The site now has a two per cent share of the UK unsecured personal loans market and expects to lend in excess of £550m this year, more than doubling 2014’s total of £265m.