P2P Lender Profile: Zopa
This article is a part of a series on P2P Lending:
3. P2P Lenders
4. P2P Lender Profile: Prosper
5. P2P Lender Profile: Zopa
Zopa is a business acronym for Zone of Possible Agreement. It's the overlap between a seller's lowest price and a buyer's highest bid. If a ZOPA exists, the buyer and seller have a deal.
Zopa bills itself as the first P2P lender. The company is two years old and based in Britain. Zopa has 135,000 members. Its community features include a blog and discussion board.
Zopa charges borrowers a fee of 0.5% of their loan amount and lenders a 0.5% annual service fee.
Zopa recently raised $12.9 million, which will be used to expand marketing and for a U.S. launch. Its founders come from the Internet bank Egg. Zopa investors include Bessemer Venture Partners, Benchmark Capital, Wellington Partners, Tim Draper, and The Rowland family.
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