Zopa was the first peer-to-peer lending startup to begin in 2005. The fintech company provides inexpensive loans with low-interest rates, allowing clients to manage their money without stress. They revealed their aim to become a bank in 2016, and in December 2018, they were awarded an unrestricted banking license.
Services
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Personal IBAN
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Affiliate program
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Cashback
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SEPA
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Loyalty program
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Insurance
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Multicurrency account
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SWIFT
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Card
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Crypto
Details
2005
Yes
Yes
Yes
Yes
English
Neobank
GBR
GBR
FCA
Main info
0 GBP
A missed payment fee of £12 if you don’t make your minimum monthly payment on time.
0 GBP
Bank transfer
Faster Payments
Bank transfer
GBP
1
0%
Personal loans/ Car loans/ Debt consolidation loans/ Home improvement loans/ Wedding loans: 15,4%
Smart Saver: 2,12-2,55%
Fixed Term Savings: 4-4,56%
Card
Money transfer
Yes
Yes
Rates from 24.9%, Representative example: 34.9% representative APR variable based on an assumed credit limit of 1200 GBP. 34.9% p.a. variable purchase rate.
Credit
Visa
3 GBP/transaction
1500 GBP
20 minutes up to 2 hours