Active, Closed, Last funding round type (e.g. Zopa Review ** Zopa review updated December 24th, 2020 ** Founded in 2005, Zopa is the largest and oldest peer to peer company and one that survived the 2008 financial crisis. (1965). Zopa has 391 employees across 2 locations, $464.50 m in total funding, and £47.58 M in annual revenue in FY 2018. Compare pay for popular roles and read about the team’s work-life balance. All content is posted anonymously by employees working at Zopa. Zopa plans to offer FSCS protected deposit accounts, credit cards, and a money management app which makes use of data made available by the introduction of Open Banking. To make money fairer – for everyone. We are committed to providing fairer finance to everyone and we’re growing faster than ever. someone lending £1000 would have their money spread across say, 100 borrowers). It can be the same number that you can get without the negotiation, but it can also mean a different number. Employee involvement ... Disabled employees At Zopa we believe in creating an inclusive working environment. All content is posted anonymously by employees working at Zopa. Find out what works well at Zopa from the people who know best. with a certain credit grade, and borrowers can then agree the aggregate offered rate. If you'd like to suggest changes to this profile, please email us at support@crunchbase.com, Descriptive keyword for an Organization (e.g. We welcomed this as Zopa, along with Ratesetter and Funding Circle, had lobbied the government for more regulation in our sector to help protect consumers. Zopa Limited (05197592) and Zopa Bank Limited (10627575) are both incorporated in England & Wales and have their registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. It's operated by the Bank of England and is designed to ensure the stability of UK financial system. For example, imagine you are selling your car. Zopa was one of the first three members of the U.K.'s Peer-to-Peer Finance Association Zopa Number of Employees: 251 to 500. Learn about Zopa, including insurance benefits, retirement benefits, and vacation policy. Compare pay for popular roles and read about the team’s work-life balance. In other words, a party’s BATNA is what a … Kalia said that reducing financial stress or concern for employees can improve productivity. In a market where lending approval can take days, that’s an important advantage.". The company itself makes money by charging a fixed fee for borrowers and a 1% annual fee for lenders. Founded 2005 201-500 employees Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees. Finance Companies with Late Stage Venture Funding. Zopa General Information Description. If there is a set of resolutions that both parties would prefer over the impasse, then a ZOPA exists, and it would be optimal for you to reach a settlement. Zopa, the world’s oldest peer-to-peer lender, has moved a step closer to competing with established retail banks on their home turf. It is defined as the most advantageous alternative that a negotiating party can take if negotiations fail and an agreement cannot be made. Zopa is Europe's largest peer-to-peer lending service, having lent over £3.8 billion in personal loans. In my opinion, similar Lenders to Zopa but with safer, asset secured loans (most with better return rates) would be: Landbay, Lending Works, Loanpad, Kuflink <<< Return to Full Zopa Review The top 10 competitors average 113.9M. This is the Zopa company profile. Provider of a peer-to-peer (P2P) lending platform designed to offer simpler, better-value loans and investments. Find out what works well at Zopa from the people who know best. Took this loan out 4 years ago it went…. Since then we've helped hundreds of thousands of customers take the stress out of money by building our business on honesty, transparency and trust. The top 10 competitors in Zopa's competitive set are Bynk, RateSetter, Funding Circle, Archover, Avant, LLC, umba, Auxmoney, ThinCats Group, LendInvest. Together they have raised over 25.4B between their estimated 4.4K employees. Find the Zopa London address. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. They gained FCA permissions in May, 2017. Your stories fuel our mission to help people FeelGood about money. This office is the major Zopa London, UK area location. Zopa takes on such responsibilities as distributing money between parties, completing the legal paperwork, performing borrower identity/credit checks, and employing a collections agency that chases missed payments for the lender. SaaS, Android, Cloud Computing, Medical Device), Operating Status of Organization e.g. Lockdown, working from home and a distinct lack of holidays and/ or social life equalled a 2020  of spending way…, Last year, Tarryn told us about her financial goals and how money made her feel in her Real Money Story.…, We asked some culinary experts how to cook up a festive feast on a FeelGood budget. Your relative tells you that he would buy it from you for $10,000 if you are not able to sell it elsewhere. They "reward people who are good with their money by providing low rate loans and high interest returns". Zopa's bank is scheduled to launch in 2019 and will sit alongside its peer-to-peer lending business. Zopa's main competitors include Prosper, RateSetter, Bondora, Lendable and Lending Works. Unlike BATNA, the Reservation Value is always expressed as a number. Zopa is a GB based company founded in 2005. Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen. Our job adverts clearly state Zopa is working in lending,p2p lending space. Glassdoor gives you an inside look at what it's like to work at Zopa, including salaries, reviews, office photos, and more. Most Chinese managers also highlight teamwork and mutual rewards in decision-making processes. In 2005 we built the first ever peer-to-peer (P2P) lending company to give people access to simpler, better-value loans and investments. | zopa.com | Read 81-100 Reviews out of 10,447 It depends on its engineering employees to maintain and update the platform and customer service staff to provide support. And to make a real difference when the unexpected happens. Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). To make managing money easy. This is what we stand for. One of the three initial members of the UK's Peer-to-Peer Finance Association, together with FundingCircle and RateSetter. Zopa are regulated by the UK’s Financial Conduct Authority (FCA) with full permissions under FCA number 718925. The same number of employees are paying more than half of the income to service existing debt. Zopa has received public acclaim as well, having been awarded CNET Technology Awards' 2006 Internet Innovation of the Year, the 2007 Webby Award for Best Banking/Bill-Paying Website, the 2008 Webby Award for Financial Services, the Banker 2007 Award for Best Internet Project and Moneywise 2009 Awards for Best Customer Service and Best Personal Loan. Intel, updates, company news and beyond, the Zopa blog has the latest. Seed, Series A, Private Equity), Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, Whether an Organization is for profit or non-profit, General contact email for the organization. In 2020, we started a new chapter in our journey, officially launching Zopa Bank alongside our P2P business. Zopa has 14 current team members, including Group CEO Jaidev Janardana. In 2020, we started a new chapter in our journey, officially launching Zopa Bank alongside our P2P business. Glassdoor is your resource for information about Zopa benefits and perks. Browse jobs and read about the Zopa London location with content posted anonymously by Zopa employees in London, England. Glassdoor gives you an inside look at what it's like to work at Zopa, including salaries, reviews, office photos, and more. Uncover why Zopa is the best company for you. Compare Zopa to its competitors by revenue, employee growth and other metrics at Craft. The ride so far… From starting the peer-to-peer industry in 2005 to becoming The FeelGood Money Company® – here's our story. See insights on Zopa including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Other P2P lending services include Lending Club, Prosper, and Kiva. By giving employees more autonomy and freedom, workers’ motivation to work increases significantly. Zopa works in the following way: the company first categorizes borrower credit grades with an A*, A, B, C or Y rating; then lenders make offers that vary by money amount and time period for persons. BATNA is an acronym that stands for Best Alternative To a Negotiated Agreement. SalaryFinance – Obtains loans for its employees that can be repaid through salary deductions. 'Zopa' is a trademark of Zopa Bank Limited. We’re on a mission to make money Feel Good, with products designed to do Real Good. When you introduce a higher number, it’s much more likely that the returning offer will be closer to your ideal figure. We also adhere to the requirements set by the PRA, one of the successors of the Financial Services Authority (FSA). Smart Money People is the #1 place online for your Zopa reviews. Here’s Leyla Kazim of…. It’s important to note that the FCA is not the same as the FSCS (Financial Services Compensation Scheme), so … In 2005 we built the first ever peer-to-peer (P2P) lending company to give people access to simpler, better-value loans and investments. The employer would acknowledge the employee’s value and need for a decent wage, and negotiate accordingly, while the employee or job candidate would recognize the value of working at a particular practice as well as the fact that the employer has numerous other financial commitments to … By preparing a number (as well as an argument for why you feel you merit this figure), you will be able to achieve the following: Start the discussion on a favorable note. Since December 2018, we’re also regulated by the FCA as a bank. The reason for doing this was simple: to provide even more ways to empower our customers to FeelGood about money. How to make a complaint. Alternatively, you can write to us at Zopa, Complaints Team, 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG or call our Customer Services Team on 020 7580 6060 between Monday to Friday 8am - 8pm and Saturday and Sunday … In 2014 consumer credit organisations – including p2p – began to be regulated by the FCA (previously we were regulated by the Office of Fair Trading). Zopa’s main resource is its proprietary software platform, which serves more than 63,000 lenders. Registered number: 05197592 Zopa Limited Annual Report and Financial Statements for the year ended 31 December 2017. Zopa says that retiring Safeguard will allow the platform to provide greater target returns than Access or Classic (2.9% and 3.7% respectively, versus 3.9% in Core and 6.1% in Plus). This is the Zopa company profile. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Total amount raised across all funding rounds, Total number of current team members an organization has on Crunchbase, Total number of investment firms and individual investors, This profile is locked. Read more Zopa’s consumer research 300 members; but, within just a few months, the indicated a large number of freeformers in the Internet start-up had grown to more than 25,000 United Kingdom – possibly as many as 6 million of users. Zopa also mitigates risk for lenders by enforcing monthly direct debit repayment, making borrowers sign a legal contract, and allowing lenders to lend small chunks of money to individual borrowers (i.e. If you want to make a complaint you can email complaints@zopa.com with brief details of your complaint and your account reference. Uncover why Zopa is the best company for you. Zopa Limited is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register (718925). Total Funding: $464.5 million. Key Resources. © Zopa Bank Limited 2021 All rights reserved. Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). For example, if a job candidate would accept an offer between $70,000-$80,000 per year, and an organization is willing to pay between $65,000-$75,000, then a ZOPA of $70,000-$75,000 exists. In return, employees have to show insistent obedience and loyalty to upper management. 10,447 people have already reviewed Zopa Ltd. Voice your opinion today and help build trust online. Reference Brouwer, P.J. "Thanks to its clever use of technology – including an initial 'soft' credit check that does not impact on someone’s credit rating – Zopa is able to offer pre-approval for up to 65 per cent of applicants, in as little as 12 seconds. Benefits information above is provided anonymously by current and former Zopa employees, and may include a … Phone Number +44- (0)20 7580 6060 Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen. Since then we've helped hundreds of thousands of customers take the stress out of money by building our business on honesty, transparency and trust. Present your value to the organization. Zopa's revenue is the ranked 6th among it's top 10 competitors. Zopa is the UK's leading peer-to-peer lending service. 125 Zopa reviews. Zopa has 2 board members and advisors, including Tim Levene. Both our bank and P2P business are inspired by our customers’ real-life stories. Zopa is the oldest P2P lender in the UK though so hopefully they will continue to deliver the returns as advertised. The power to see ourselves. This is an overview of the Zopa London campus or office location. 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