Fintech

Zopa confirms eleventh-hour £140m capital injection

The investment gives the peer-to-peer lender the lifeline it needs to secure its banking licence

The world’s oldest peer-to-peer lender has confirmed a £140m investment, providing the company with the lifeline needed to avoid losing its banking licence — on the very day the deadline fell due.

Zopa announced it had secured a capital injection from IAG Silverstripe, the UK arm of US-based private investment group IAG Capital, on December 3.

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