Zopa, which says it was the world’s first peer-to-peer lending website, was founded in 2004 by chairman Giles Andrews, 52, and managers of the former internet bank Egg. The company generates revenue by charging a fee to facilitate loans between individuals, with £3.5bn advanced through its platform so far. Jaidev Janardana, 39, who succeeded Andrews as chief executive in 2015, oversaw sales of £46.5m last year. It has raised more than £100m to date from the likes of Northzone, Wadhawan Global Capital and Bessemer Venture Partners. In April it restructured ahead of the launch of its own banking offering.
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.