Zopa was founded in 2005 as a peer-to-peer lending company.
In 2017 Zopa became fully regulated by the Financial Conduct Authority so it could offer more financial products. In 2018 Zopa was awarded a banking licence to offer even more financial products - aiming to offer credit cards and a fixed savings deposit to customers in 2019.
Their headquarters are based in London, UK, and they have an office in Barcelona.
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| Customer happiness | 74.35% |
|---|---|
| Customer trust | 63.24% |
| Complaints performance | 79.31% |
| Transparency rating | 50.68% |
| Fairer Finance score Reviewed Autumn 2020 |
67% |
| Representative APR i | 34.90% |
|---|---|
| Representative cash transaction interest rate i | 2.53% |
| Representative purchase rate i | 2.53% |
| Risk based? i | |
| Initial minimum credit limit i | £200 |
| Representative balance transfer rate i |
| Foreign purchase fee i | 0% |
|---|---|
| Foreign withdrawal fee i | 0% |
| Representative APR i | 34.90% |
| Number of days before interest is charged on non-sterling cash transactions i | 0 days |
| Risk based? i | |
| Representative purchase rate i | 2.53% |