Key Data

• Trading Name: Zopa Bank
• Legal Entity: Zopa Bank Limited
• Activities: Online Bank 
• Location: United Kingdom
• Regulations: regulated by the Financial Conduct Authority 
• Key People: Jaidev Janardana

Zopa Bank is a British online bank that offers deposit accounts, personal loans and credit cards.

Offering

Zopa Bank started as a peer-to-peer lending company and has since evolved into a full-fledged digital bank. It offers a range of financial products including personal loans, credit cards, car finance, and savings accounts.

Products and Services:

• Loans: Personal loans, car loans, debt consolidation, home improvement, and wedding loans.
• Credit Cards: Designed to give users control over their finances.
• Savings: Smart Saver accounts, Smart ISAs, and Fixed Term Savings options.

Regulation 

As a bank, Zopa is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority. Deposits of up to £85000 are covered by the Financial Services Compensation Scheme (FSCS).

Companies House Number: 10627575
Financial Conduct Authority: 800542

Key People

• Richard Duvall (Founder)
• James Alexander (Founder)
• Giles Andrews (Founder)
• David Nicholson (Founder)
• Tim Parlett (Founder)

Customer Reviews

Trustpilot: 4,5 Stars with 24.000+ Reviews

Conclusion and Rating

We rate Zopa Bank with a Green rating as they fulfill all of our criteria. They are fully compliant with regulations, being authorized and regulated by the Financial Conduct Authority (FCA). Additionally, they have key personnel in place who ensure the smooth operation and customer satisfaction. The company also garners positive reviews from users, highlighting their competitive pricing, effective cost-saving measures, and responsive customer service. These factors collectively contribute to their strong standing in the industry.