Zopa raises another $12.9 million

UK based peer-to-peer money lending startup Zopa has raised another $12.9 million. This was series C round of funding for Zopa led by Bessemer Venture Partners. With this round Zopa has raised a total of $34 million in funding till date. Also as Zopa is going ahead with its planned launch in US, they announced that Douglas Dolton will be joining in as the global CEO. Douglas Dolton has previously Chela Education Financing(sold to Nelnet) and Servus Financial Corporation(sold to Wells Fargo Bank in 2000).

Zopa claims to have have over 135,000 customer have signed up to the service. Till date any of the startups in the p2p sharing/lending space  haven’t been highly successful whether it is DVD swap service like Peerflix or CD service like Lala. If Zopa can break the mold and signup lenders and borrowers fast enough, it would not only be the successful company in p2p space but also in the financial market where the last big win was PayPal.

Prosper is another startup operating in the p2p domain, while Kiva is working on the non-profit personal lending to entrepreneurs in 3rd world countries. Another startup will similar ideas is FYGO.


One Response to “Zopa raises another $12.9 million”

  1. StartupSquad » Blog Archive » Beta and Funding news for the day Says:

    […] Prosper gets VC money: Zopa and Prosper seems to move in tandem. Last month it was UK based Zopa announcing $12.9 million in funding, and now it is Prosper’s turn to announce $20 million in venture funding. Funding round was led by DAG Ventures and Meritech Capital Partners and participated by Accel Partners, Benchmark Capital, Fidelity Ventures and Omidyar Network. Suspect most of the money will be used towards maintaining the floating balance. […]

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