Zopa Bank has successfully raised £80 million through its inaugural bond listing on the London Stock Exchange, signaling its readiness to introduce current accounts.
Jefferies acted as both the Structuring Adviser and Sole Lead Manager for this transaction, which saw demand exceeding supply by more than twofold, attracting interest from over 20 investors.
Following a fruitful €80 million equity fundraising in November 2024, this latest injection of non-dilutive capital bolsters the bank’s balance sheet, setting the stage for the upcoming launch of its banking accounts.
In a recent announcement, Zopa revealed that it has doubled its pre-tax profits for the financial year ending December 31, 2024, reaching £34.2 million, thanks to a 30.2% increase in revenues. Since its establishment in 2020, Zopa has garnered £5.5 billion in deposits while maintaining over £3 billion in loans on its balance sheet.