26 September 2017
visit www.ncr.com

Rothschild buys Zopa stake

10 December 2012  |  6040 views  |  0 20 pound note

Jacob Rothschild's investment trust, RIT Capital Partners, has acquired a stake in peer-to-peer lender Zopa. Financial details of the deal have not been revealed.

Rothschild told the Financial Times that with banks still under capitalised in the wake of the 2008 crisis, alternative credit options "will be developed on a significant scale".

Last month Zopa boasted that it has now facilitated more than £250 million in loans since launching in 2005. Lenders have made an average fixed rate return of 5.4% a year over the last 12 months, after charges and average defaults.

Meanwhile, according to the Telegraph, Zopa and other P2P lenders such as RateSetter and Funding Circle will be regulated by the new Financial Conduct Authority from April 2014.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Ex-Morgan Stanley chief Mack joins Lending Club board

Ex-Morgan Stanley chief Mack joins Lending Club board

12 April 2012  |  4454 views  |  0 comments
Funding Circle raises £10 million

Funding Circle raises £10 million

04 April 2012  |  7156 views  |  0 comments
UK P2P lenders form trade body

UK P2P lenders form trade body

18 August 2011  |  9473 views  |  0 comments
Prosper raises $17m

Prosper raises $17m

07 June 2011  |  5441 views  |  0 comments
Zopa sees surge in demand as banks fail to meet consumer interests

Zopa sees surge in demand as banks fail to meet consumer interests

09 March 2011  |  10769 views  |  0 comments
New players beat traditional banks in public trust stakes

New players beat traditional banks in public trust stakes

18 June 2010  |  10666 views  |  0 comments
P2P lender Zopa reports soaring uptake as credit crunch bites

P2P lender Zopa reports soaring uptake as credit crunch bites

09 October 2008  |  13046 views  |  0 comments
Zopa raises $12.9m in series c financing; names Dolton global CEO

Zopa raises $12.9m in series c financing; names Dolton global CEO

19 March 2007  |  7940 views  |  0 comments
Zopa raises $15m for US launch

Zopa raises $15m for US launch

28 March 2006  |  9187 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.temenos.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
11589 views comments | 16 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
9201 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8644 views comments | 34 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7298 views 2 | 10 tweets | 1 linkedin
Sophia the humanoid gets UBS conference speaking gigSophia the humanoid gets UBS conference sp...
7052 views comments | 16 tweets | 19 linkedin

Featured job

circa £250K total package
London

Find your next job