In a race to break even, British FinTech giant Revolut is the latest startup to claim profitability, a milestone that few neobanks have attained despite disrupting the global traditional banking system. And even though Revolut’s first full year of profit is now coming under question,...
British neobank Zopa has found its first-ever acquisition in buy now, pay later firm DivideBuy. The deal, announced Thursday (Feb. 16) comes two weeks after Zopa raised $93 million that the company said would allow it to pursue mergers and acquisitions. It’s also happening as...
The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by the HM Treasury, comes two years after the government announced its intention to tighten rules around the use of interest-free...
U.K. digital bank Zopa is looking to expand after raising $93 million in an equity round. The funding, announced Thursday (Feb. 2) in a news release provided to PYMNTS, will be used to meet the bank’s capital requirements and support merger and acquisition (M&A) dealmaking....
February 15, 2023
The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by the HM Treasury, comes two years after the government announced its intention to tighten rules around the use of interest-free buy now, pay later (BNPL) products and bring them into […]
July 31, 2022
The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which has been around as a...
June 22, 2022
Following an explosion of buy now, pay later (BNPL) use in the past few years, transaction volumes are expected to hit $680 billion worldwide by 2025. In the United Kingdom,...
April 15, 2024
British digital bank Zopa is profitable and getting closer to going public. But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company was ready for an initial public offering (IPO), the London markets might feel differently. “I’d be surprised if there are U.K. FinTech IPOs this year,” he said. According to the report, Janardana […]
February 16, 2023
British neobank Zopa has found its first-ever acquisition in buy now, pay later firm DivideBuy. The deal, announced Thursday (Feb. 16) comes two weeks after Zopa raised $93 million that...
February 02, 2023
U.K. digital bank Zopa is looking to expand after raising $93 million in an equity round. The funding, announced Thursday (Feb. 2) in a news release provided to PYMNTS, will...
August 25, 2022
U.K. challenger bank Zopa reported Thursday (Aug. 25) that its deposits now total more than £2 billion, driven by its offer to help customers do more with money that would...
