News Column

Zopa tops $1bn in peer lending

August 12, 2014

MATT SCUFFHAM



ZOPA has become the first British peer-to-peer lender to top $1bn of lending, the company said yesterday.


The business, acts as an online broker between borrowers and lenders, said it has passed the $1bn mark after lending £148m ($248m) so far this year, up more than 90 per cent on the same period of 2013. "We''re looking forward to offering new products like ISAs in the near future,chief executive Giles Andrews said.


Reuters


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Source: City A.M. (UK)


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