Zopa, which says it was the world’s first peer-to-peer lending website, was founded in 2004 by chairman Giles Andrews, 51, and managers of the former internet bank Egg. The company generates revenue by charging a fee to facilitate loans between individuals, with £2bn having been advanced through its platform so far. Jaidev Janardana, 38, who succeeded Andrews as chief executive in 2015, oversaw sales of £33.2m in 2016. Indian finance group Wadhawan Global Capital led an investment round of £32m in June, as the company prepares to launch a “next generation” bank.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.
