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Zopa Bank

General Information


Zopa launched in 2005 as the first ever peer to peer lending company. In 2016, the firm announced its intention to become a bank and it was granted a restricted banking licence in December 2018 and a full banking licence in June 2020. It launched its first savings products on 24th August 2020. Zopa lends money to personal customers via personal loans, credit cards and car finance.

Banking Licence

Zopa have their own banking licence which isn’t shared with any other banks

Registration Numbers

Companies House Number: 10627575
Financial Conduct Authority: 800542

Based: London

Date Launched: June 2020

FSCS Protected? Yes

Branches: Zopa does not have any branches

People of Interest

Head of Savings

Kian Wanner

Chief Executive

Jaidev Janardana

Saving Information

No. of Savers

Unknown but estimated at 30,000

Amount of Deposits

£1bn as at 19th January 2022

Loan Book

£1bn as at January 2022

Account Opening and Management

How Do I Open a Savings Account

Internet, Mobile App

How Do I Manage a Savings Account

Internet, Telephone, Mobile App


Lending Activities

Zopa lends money in three ways:

1) Personal loans

2) Credit cards

3) Car finance - via a car loan or hire purchase finance


Feefo Reviews

No reviews on Feefo

Savings Guru Verdict

Zopa offer 1, 2, 3, 4 and 5 Year Fixed rates via a quick and easy online application, with savers able to manage their money online, via Zopa's mobile and telephone.  They've been consistently in our fixed rate bond best buys since launch and have one of the highest Trustpilot scores for any bank from customer feedback.

In February 2022, Zopa launched Smart Saver, it's easy access account which is only available via mobile app.  It comes with up to 20 savings pots with the ability to boost the rate by locking some of those away for 7, 31 or 95 Days' Notice. 

We like their promise that savers 'get a fair deal as standard.' With ambitious plans to grow to £2bn and beyond, there are one to watch.

Contact Information for Zopa Bank

Contact Details

Address: 1st Floor, Cottons Centre, Tooley Street, London.  SE1 2QG

Telephone: 020 7291 8331


Email: No email address but Zopa does have online chat:

Open: Monday to Friday, 8am - 8pm

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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