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Zopa connects borrowers and savers through an online platform, offering personal loans, savings accounts, credit cards, and car finance in the UK. It uses a peer-to-peer lending model where individuals lend money directly to borrowers, bypassing traditional banks. The platform uses technology such as a soft credit check that does not affect credit ratings and can pre-approve loans quickly, often within 12 seconds. Revenue comes from loan fees and by offering other financial products. Zopa differentiates itself by being a pioneer in UK P2P lending, leveraging fast digital workflows, direct lending between individuals, and a range of products, all under regulatory oversight (PRA). Its goal is to provide better value loans and investments by making lending and saving more efficient and accessible through technology.
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.2B
Headquarters
London, United Kingdom
Founded
2005
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Total Funding
$1.2B
Above
Industry Average
Funded Over
16 Rounds
Hybrid Work Options
Flexible Work Hours
Remote Work Options
NotifyNow-Zopa partnership makes bereavement administration easier with one-click notification service to 1,600 providers. Leading bereavement notification service NotifyNOW, a service of Phillips & Cohen Associates (PCA), has forged a new partnership with digital bank Zopa, enabling bereaved families to inform the bank about the death of a loved one quickly and securely through a simple digital service. The partnership is designed to make one of life's most difficult administrative tasks easier by providing bereaved families and executors with a seamless way to notify Zopa Bank and other financial companies following the death of a customer.Zopa, enabling bereaved families to inform the bank about the death of a loved one quickly and securely through a simple digital service. The partnership is designed to make one of life's most difficult administrative tasks easier by providing bereaved families and executors with a seamless way to notify Zopa Bank and other financial companies following the death of a customer. By partnering with NotifyNOW, Zopa Bank is reinforcing its commitment to delivering a compassionate, customer-focused bereavement experience while streamlining the notification process. NotifyNOW provides an additional channel for customers, family members and representatives to submit bereavement notifications, complementing existing support services of financial providers, and helping to ensure cases are handled efficiently and sensitively. The NotifyNOW platform is designed to improve the experience for both consumers and financial institutions by providing a secure, straightforward and reliable way to communicate bereavement notifications. The partnership enables Zopa to digitally notify over 1600 financial institutions and utility companies of a bereavement at the click of a button, removing the stress and complexity from the process. NotifyNOW helps reduce duplication, minimises delays and supports financial organisations in responding to bereavement cases more efficiently. Grieving families benefit from having a clear, accessible process at a time when they may be coping with significant emotional and practical challenges. Nick Cherry, Divisional CEO at Phillips & Cohen Associates, said: "We are delighted to welcome Zopa Bank to the growing number of organisations using NotifyNOW. Bereavement is an incredibly difficult time, and every improvement that reduces the administrative burden on families can make a meaningful difference. "By partnering with Zopa Bank, we're helping provide a simple, secure digital notification service that supports grieving families while enabling the bank to manage bereavement cases efficiently and with compassion. "We're proud to work with organisations that share our commitment to improving the customer experience during life's most challenging moments." The partnership reflects a broader trend across the financial services sector towards improving bereavement support through digital innovation while maintaining the empathy and care customers expect during sensitive life events. As more financial institutions adopt digital bereavement services, families increasingly benefit from simpler, more consistent processes that reduce the need to repeat information and navigate multiple notification channels. NotifyNOW continues to expand its network of participating organisations, helping to improve the experience for consumers while supporting financial institutions in delivering high-quality bereavement services. Phillips & Cohen is the sole licensee of the NotifyNOW platform which is owned by The Estate Registry.
Zopa shakes up Biscuit current account perks... but axes 7.1% regular saver: How does it compare? Updated: 11:20 EDT, 28 August 2026 The digital challenger bank Zopa has launched a choice of three new perks on its Biscuit current account. These include a boosted 2.75 per cent interest rate on your current account balance and either 3 per cent cashback on eating out or the same amount on your bills. At the same time, Zopa has cut the standard interest rate on current account balances from 2 per cent to 1 per cent and axed its 7.1 per cent regular saver for new sign-ups. If you've already got the regular saver, you can still add and withdraw money. But at the end of its six-month term, your money will automatically move to an easy-access pot. This has an interest rate of 2.95 per cent variable. If you're an account holder, it's wise to set a reminder for the end of the term and then shift your money to one paying a higher rate. Despite the changes, Biscuit is still a pick of the week, according to rates scrutineer Moneyfacts. Caitlyn Eastell, a personal finance expert at the rates scrutineer, said the account is a 'competitive option in the top 10 when compared to its peers'. How do the new Zopa perks compare with before? Taken on their own, the perks appear to offer higher value than before. But the fact you can only choose one makes the current account lose some of its lustre. Previously, the account offered 2 per cent interest on current account balances for 12 months, a 7.1 per cent regular saver and 2 per cent cashback on direct debits up to £30 a year. The regular saver boosted the value of the account. Paying in the maximum £300 a month would have given you around £137 after a year, and you only needed £125 of direct debits each month to hit the maximum cashback of £30 a year. Now you can choose from one of these three perks: * Uncapped 2.75 per cent variable interest on your current account balance, boosted from the standard 1 per cent * Cashback on eating out of 3 per cent on up to £150 of monthly spending, capped at £54 a year - including restaurants, takeaways and bakeries * Cashback on bills, also at 3 per cent on up to £150 of direct debits a month - capped at £54 Every Biscuit account holder also gets a free barista-made drink from Caffè Nero every month and fee-free spending abroad. How do the perks stack up? Interest on your balance is a nice bonus, but it's wise not to hold too much money here - you can find much stronger rates in dedicated easy-access savings accounts. A good option if you keep excess money in your current account is Spring's Accelerate Saver, which pays 5 per cent on balances between £1 and £5,000. If you have at least six months worth of emergency savings and are prepared to take on a degree of risk for the prospect of higher growth on your money, you could consider starting to invest. When it comes to cashback, higher rewards are available elsewhere - it's possible to earn £240 back a year with Chase. The challenger bank pays 2 per cent cashback on everyday spending - including groceries, restaurants, cafes, takeaways, transport, fuel and EV charging - up to £20 a month. It requires at least £1,000 of spending a month to hit the maximum cashback, but the wide range of eligible transactions gives account holders a good chance of doing so. You need to spend using your Chase debit card 15 times a month and have £1,000 in Chase savings accounts to qualify for cashback. Savvy spenders who have the stomach for maintaining multiple accounts could combine them to maximise rewards - for example, holding a Zopa account for bills cashback and a Chase account for cashback on everyday spending.
Zopa Bank integrates with Fastcheck car finance pre-qualification. The integration gives Fastcheck's dealer partners access to a wider range of lenders. Zopa Bank has integrated with Fastcheck, a real-time car finance pre-qualification and proposal platform for dealers. The integration gives Fastcheck's dealer partners access to a wider range of lenders. Dealers can generate finance quotes for customers, complete pre-qualification and submit proposals through a single platform with Fastcheck. Fastcheck said it aims to provide dealers with greater confidence before submitting finance proposals, as it can update lender outcomes as quotes change. Amar Rana, founder and CEO of Fastcheck, said: "Bringing Zopa Bank live on Fastcheck is another major step forward as Motor Trade News continue building out its lender network for UK motor retailers. "Dealer finance has moved beyond simple calculators and static eligibility checks. Retailers need better information earlier in the journey, and lenders need cleaner, more accurate proposals. "Fastcheck sits in the middle of that, helping connect dealers, customers and lenders through real time pre-qualification that moves as the quote changes. "This integration supports our ambition to make Fastcheck a core part of the modern dealer finance journey, giving retailers the tools to structure better finance conversations before a full proposal is submitted."
Zopa Bank partners with Hive to finance solar panels and green home upgrades. Quick summary. Zopa Bank has partnered with Hive to provide green home financing for UK homeowners. This collaboration allows customers to spread the cost of solar panel installations and eco-tech upgrades over one to seven years, overcoming the primary barrier of high upfront costs for sustainable energy. How does Zopa Bank simplify green home upgrades? Zopa Bank solves the affordability gap for sustainable home technology by offering regulated personal loans directly through the Hive platform. Eligible UK homeowners can access flexible financing options ranging from £1,000 to £50,000 to cover the costs of solar panels, battery storage, and heat pumps. By integrating the digital lending experience into the Hive checkout, the partnership provides a seamless application process that delivers personalized quotes in just three minutes without impacting credit scores. * Loan amounts between £1,000 and £50,000. * Repayment terms spanning one to seven years. * Representative APR of 8.9% for eligible applicants. * Rapid funding with most loans disbursed in under two hours. What is the impact of the Zopa for Business launch? The collaboration serves as the flagship launch for Zopa for Business, a unified platform designed to streamline embedded finance partnerships. This new offering consolidates payments, retail finance, and auto finance into a single integration point for merchants. By leveraging Zopa's recent acquisitions of Rvvup and DivideBuy, the bank is positioning itself as a comprehensive financial partner for businesses looking to offer point-of-sale credit and modern payment solutions to their customers. * Unified platform for payments and embedded finance. * Simplified integration for retail and auto finance partners. * Strategic growth following the acquisition of Rvvup and DivideBuy. Why is demand for solar energy reaching record highs? Green home financing is meeting a critical market need as UK households face volatile energy prices. Government data indicates that 2025 saw 269,000 solar installations, a 37% year-on-year increase. This momentum has carried into 2026, driven by the potential for 83% electricity savings when combining solar panels with battery storage. The Zopa and Hive partnership targets the 20 million owner-occupied homes in the UK, providing the financial flexibility required to transition to low-carbon technologies during a period of record-breaking demand. Ff news take: This partnership definitely moves the needle for the UK's green transition. By embedding Zopa Bank's lending directly into the Hive ecosystem, they are tackling the "green premium" head-on. Furthermore, the launch of Zopa for Business signals Zopa's intent to dominate the embedded finance space, moving beyond a consumer-only digital bank to a full-stack fintech infrastructure provider. This is a sophisticated play for both market share and ESG impact. Featured speakers.
Zopa Bank partners with Hive on green home finance. 11 August 2026 Partnerships Media relations. Zopa, the British digital bank pioneer with 2 million customers, has partnered with eco-tech company Hive to help millions of UK homeowners spread the upfront cost of their greener home upgrades. The partnership brings a new financing option for up to 20 million UK homes[2]. Customers can now apply for a personal loan from Zopa directly through the Hive website to finance Hive eco-tech such as solar and battery installations. Demand for solar is accelerating as households look for more control over their energy supply and greater protection from volatile energy prices. UK Government data shows 269,000 solar installations were completed in 2025, the highest ever recorded in a calendar year and 37% higher than the year before[3]. This trend has continued in 2026 with 9 of the 10 strongest months on record for solar deployment having occurred within the last 12 months[4]. By enabling financing through Zopa, eligible Hive customers now have the option to spread the cost of installing eco-tech across up to seven years, giving them greater flexibility and confidence when upgrading their homes. Customers can get a personalised loan quote in 3 minutes with no impact to their credit score, with most customers accessing their money in under 2 hours once their loan has been approved. The loans range from £1,000 to £50,000, with a representative APR of 8.9%. Final rates are personalised to each customer's individual circumstances[5]. "Solar is becoming an increasingly attractive option for homeowners looking to lower their energy bills and take greater control of their energy use. Our partnership with Zopa helps remove that hurdle by giving eligible customers the option to spread the cost of a solar installation." Susan Wells, Director of EV & Solar at Hive. Zopa will provide the regulated lending product and manage the finance journey, including quote, application, credit assessment, loan disbursal and servicing. Tim Waterman, Chief Commercial Officer at Zopa Bank, said: "Helping households transition to cleaner, more energy-efficient homes is increasingly important amid volatile energy prices and rising household bills.Yet, for many people, the upfront cost of installing solar panels, battery storage or heat pumps remains the biggest obstacle to making this change and getting the advantage of monthly savings. "By bringing together Zopa's best-in-class digital lending experience and customer-centricity with Hive's expertise in smart home and green energy solutions, we're removing that barrier. Together, we're making it easier for millions of homeowners to invest in a greener future through a simple, transparent and fully regulated digital finance journey that helps spread the cost of home upgrades." Susan Wells, Director of EV & Solar at Hive, said: "Solar is becoming an increasingly attractive option for homeowners looking to lower their energy bills and take greater control of their energy use. But for many, the upfront cost remains one of the biggest barriers. "Our partnership with Zopa helps remove that hurdle by giving eligible customers the option to spread the cost of a solar installation. It's another way we're making greener home technology more accessible, helping more households enjoy the benefits of generating their own energy and taking greater control over how they power their homes." Michael Shanks, Energy Minister said: "Loans for these upgrades give more people access to affordable, clean energy technology and create warm, comfortable homes that are cheaper to run. "Millions of families will soon be able to benefit from no and low-cost loans on solar panels, heat pumps and batteries through our Warm Homes Plan, helping to bring down energy bills for good." Hive has more than 2.5 million customers; it helps households take more control of their energy use through smart heating, solar, EV charging, heat pumps and other eco-tech products. Its Hive Thermostat customers can save an average of £158.40 a year, while customers with solar panels can save up to 83%[1] on their electricity bills. The new partnership also marks the launch of Zopa for Business, Zopa's bolstered business offering that brings payments, retail finance, auto finance and embedded partnerships into a single platform. Designed to help businesses accept payments, offer finance and complete more sales by integrating once without juggling multiple providers, it follows Zopa's acquisition of payments platform Rvvup in 2025 and point-of-sale finance platform DivideBuy in 2023. One of the UK's highest rated and most celebrated financial brands, Zopa has been recognised with over 10 British Bank Awards, holds a Trustpilot rating of 4.6/5, and has one of the highest customer satisfaction scores in the industry. Notes to editors. 1) Hive customers can save up to 83% on your electricity bills, with Hive Solar & battery substantiation: * By generating your own solar electricity, you'll spend less on buying electricity from the grid * Sign up to a Smart Export Guarantee (SEG) tariff to help turn sunlight into savings * Its savings and models explained Savings assume a 4.0 kW solar photovoltaic system installed on a south facing roof of a medium domestic electrical demand (2,500 kWh) property in Milton Keynes with a typical 5 kWh battery. Residual solar energy production is assumed to be used locally when daytime with excess sold back to the grid at 12.0 pence per kWh for British Gas electricity customers on the SEG tariff. The consumption import cost reduction of £466.75 combined with the exported energy sold back to the grid at £247.36 results in the reduction of 82.9%, or £714.11 off the Ofgem medium electricity bill of £861.49. Savings exclude costs related to Zopa personal loans. 2) The UK had approximately 19.7 million owner-occupied dwellings in 2024. Source: Office for National Statistics, "Dwelling stock by tenure, UK: 2024", published 10 June 2026. 5) Rates will depend on an individual's circumstances. Credit subject to status and affordability. T&Cs apply. Missed or late repayments may affect an individual's credit rating and access to credit in the future. About Zopa Bank Founded in 2020 with a full banking licence and backed by some of Silicon Valley's most iconic investors, digital bank Zopa is building the "Home of Money". This is a place where financial products deliver good value and managing money is made effortless; deep and long-lasting relationships mean customers are left confident about their choices. One of the UK's highest rated and most celebrated financial brands, Zopa has been recognised with over 10 British Bank Awards, holds a Trustpilot rating of 4.6/5, and has one of the highest customer satisfaction scores in the industry. Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. About Hive Hive is the eco-tech company empowering customers to take control of their home energy. Part of the Centrica family, Centrica plc has helped millions of households start their smart energy journey. Now Centrica plc is partnering with pioneering manufacturers to make technologies like smart heating, solar panels and heat pumps easy and accessible - so more people can use less energy, save money and live more sustainably.
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Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.2B
Headquarters
London, United Kingdom
Founded
2005
Find jobs on Simplify and start your career today