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Zopa, the UK neobank, raises $93M more at a $1B+ valuation


After raising $300 million in a round led by SoftBank back in 2021, U.K. neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending services, credit cards and savings accounts and has some 850,000 customers — has raised £75 million (around $93 million), an all-equity investment that plans to use both to build out new financial products, to bring on more customers and to make acquisitions.
Interestingly, Zopa is not disclosing a lead investor, but CEO Jaidev Janardana confirmed to us in an interview that it was an inside round from existing investors; that some of those involved included investment firms Uprising and Augmentum; and that SoftBank was not in this round but that it remains an investor and board member. The company also said in a statement that the funding “cements an …

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