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U.K.’s Oldest Peer-to-Peer Lender Zopa Plans Fundraising, IPO

  • Online lender is planning to raise up to 200 million pounds
  • Zopa is considering a listing in early 2021, Janardana says
Jaidev Janardana
Jaidev Janardana

Source: Zopa Ltd.

Zopa Ltd. is planning to raise as much as 200 million pounds ($253 million) as the online lender works to satisfy regulatory requirements en-route to winning a U.K. banking license.

The company is talking to private equity and sovereign wealth funds about the cash, which could come in the next several months, Chief Executive Officer Jaidev Janardana said in an interview on Tuesday. The firm got 60 million pounds in investments in November to help finance its plans to start a retail bank, adding to a 44 million-pound fundraising earlier in 2018.