Zopa Awarded Full UK Banking License

It took 18 months but Zopa has finally been granted a full banking license and can move forward with new products; “Now more than ever the banking industry needs innovative, agile providers who work on behalf of customers. At a time when people want great value, fair financial services products and simple, intuitive digital experience, Zopa offers consumers a compelling and credible alternative they can trust,” said Zopa CEO Jaidev Janardana to AltFi; the company intends to launch a fixed-term savings account of between 1 – 5 years and an innovative credit card; “Beyond the current pandemic, Zopa is uniquely placed to provide a compelling alternative to traditional banking by leveraging its significant technological and financial services expertise to?offer?a wider range of great products, including savings and credit cards, alongside its personal loans and investments,” added Janardana. AltFi.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.