[ Zopa raises $41.18M in Series E ]

Zopa has raised $41.18 million in Series E funding.

Founded in 2005, Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen.

The new money will be used to help support the build-out of the company’s technology infrastructure and product range in preparation for the submission of its bank licence application later this year.

Funding  Series E
Founded  2005
Country  UK
City  London
Founder / CEO  Jaidev Janardana
Deal Size  $41.18M
Investors  Northzone
 Wadhawan Global Capital
Previous Investors  Uprising Ventures
 Arrowgrass Capital
 Augmentum Capital
 Draper Associates
 Wellington Partners
 Bessemer Venture Partners
 Balderton Capital
 Forward Partners
 Orange Growth Capital (OGC)