British peer - to - peer lender Zopa has now secured more than £ ##500 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 £ 52 m in 2013 , a 20 % 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 £ 550 m this year , more than doubling 2014 ’s total of £ 265 m .
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.