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# UK Fintech Zopa Raises £80 Million in AT1 Capital to Fund Current Account Launch
- URL: https://www.theglobalbanker.com/zopa-raises-80-million-at1-capital-current-account-launch-uk/
- Published: 2025-05-14T10:31:00.000Z
- Updated: 2026-10-02T13:59:25.000Z
- Description: Zopa secured £80m in Additional Tier 1 capital in a 2x oversubscribed round listed on the LSE, as it prepares to launch a current account and expand everyday banking.
- Author: TGB Editorial Team
- Tags: Fintech, Europe, #archive

British digital bank Zopa has raised £80 million in Additional Tier 1 capital in a round that was twice oversubscribed, ahead of a planned current account launch and an expansion of its everyday banking proposition. The securities were listed on the London Stock Exchange's International Securities Market, the bank announced on 14 May 2025.

Zopa more than doubled its full-year 2024 pre-tax profits to £34.2 million, driven by revenue growth of 30.2%, while total deposits reached £5.5 billion and the loan book reached around £3 billion. 

#### CURRENT ACCOUNT AND PARTNERSHIPS

Zopa intends to use the capital to prepare for the launch of a current account. 

Alongside the current account ambitions, Zopa confirmed that the capital will support its partnerships with Octopus Energy and John Lewis. 

#### 2024 RESULTS

Zopa's pre-tax profit for 2024 was £34.2 million, more than double the previous year. 

Total deposits stood at £5.5 billion. The loan book of around £3 billion includes personal loans and car finance.

Zopa began as a peer-to-peer lender in 2005 and received its banking licence in 2020\.