# Zopa Bank

> Zopa Bank is a UK bank that grew out of the Zopa peer-to-peer lending platform.

Source: https://www.neobank.wiki/wiki/zopa-bank
Last updated: 2026-08-11
Categories: Financial technology, United Kingdom neobanks, Licensed neobanks, Consumer neobanks, Companies founded in 2005

**Zopa Bank** is a British bank that evolved from **Zopa**, an early peer-to-peer lending marketplace. After securing a banking licence, Zopa expanded into deposits, credit cards and consumer lending as a regulated [challenger bank](/wiki/challenger-bank).[^zo1]

## History

Zopa pioneered UK P2P lending in the 2000s. Facing marketplace headwinds and seeking a more durable model, it obtained a bank licence and migrated toward balance-sheet banking while retaining the Zopa consumer brand.[^zo2]

## Founders

Zopa was co-founded by **Richard Duvall**, **James Alexander**, **Dave Nicholson** and **Giles Andrews** (among early leaders). The bank era is led by professional management building on that marketplace heritage.

## Licence

Zopa Bank is an authorised UK bank offering FSCS-protected deposits and regulated credit products.

## Products

Products include savings accounts, personal loans, credit cards and car finance distributed digitally.

## Infobox

- **Type**: Private
- **Originated**: 2005 (P2P); bank later
- **Headquarters**: London, United Kingdom
- **Model**: Licensed bank

## Frequently asked questions

### What is Zopa Bank?

Zopa Bank is a UK bank that grew out of the Zopa peer-to-peer lending platform.

### Where is Zopa Bank headquartered?

Zopa Bank is headquartered in London, United Kingdom.

### What type of company is Zopa Bank?

Zopa Bank is described as Licensed bank in its neobank.wiki profile.


## References

[^zo1]: Zopa Bank is the banking entity of the Zopa consumer finance brand. — https://www.zopa.com/
[^zo2]: Zopa began as a peer-to-peer lender before becoming a bank. — https://www.zopa.com/