Zopa Loans, established in 2005, provides simple loans and smart investment solutions to individuals and institutional customers and investors.
Founded in 2005, Zopa is one of the oldest and biggest peer to peer company. Zopa has 75,000+ active investors who have lent over £3 billion to borrowers. Zopa is easy to use and offers two simple investment choices (standard and ISA) that appeal to a wide range of peer to peer lenders. The discontinued Access and Classic accounts and the removal of the Safeguard Provision Fund is a recent negative change for customers looking for lowest possible risk levels.
There is a Transparent loan book information, while existing Access and Classic account loans continue to be Safeguard protected until 2022. ISA’s are available, along with completely hands off automatic diversification and reinvestment, low default rates, and the possibility to exit loans for a fee. Zopa’s website is easy to use, with simple investing options clearly outlined.
The company is regulated and authorized by FCA and has won a number of awards since 2016. Overall, Zopa has gained an excellent reputation in the market.