Zopa Archives - Page 11 of 18

Alumni News– November 17, 2014

By David Penn Posted on November 17, 2014
Categories: Arroweye Solutions, Arxan Technologies, Billhighway, Bluefin Payment Systems, Boku, Google Cloud Platform, Hoyos Labs, InComm, Knox, Minetta Brook, Rippleshot, TradeKing, TransferWise, Venmo, Zopa

Boku announces a pair of C-level appointments: Ingo Lippert as CBO, Christian Hinrichs as CFO.

Zopa partners with AltFi Data; plans to open loan book to the public in Q1 in 2015.

The Sunday Times profiles TransferWise founders Kristo Kaarmann and Taavet Hinrikus.

TradeKing begins rollout of its new 100% responsive website.

Bolstr surpasses $200,000 in 2014 investor payouts

Expensify featured in Slate. Check out the video.

Billhighway’s 523% Four-Year Growth earns it the #193 Spot on the Deloitte Technology Fast 500 List.

ChicagoInno features Arroweye Solutions and Rippleshot for their listings on the FinTech Forward Rankings.

Check out Finovate Debuts: Minetta Brook’s Knewsapp.

MetaIntelli and Arxan Technologies partner to help developers mitigate mobile security and privacy risks.

Venmo gets Touch ID security, tagging, and direct linking to bank accounts.

MyBankTracker examines how 1U is using Hoyos‘ facial recognition security technology.

InComm launches New eCommerce Site for B2B Bulk Gift Cards.

Bluefin joins the New York Bankers Association.

Google Compute Engine now features intelligent horizontal Autoscaling.

Wharton Fintech blog features Knox Payments.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– November 4, 2014

By David Penn Posted on November 4, 2014
Categories: Dragon Wealth, EyeVerify, Feedzai, Fidor Bank, iQuantifi, MX, SecureKey, SK Planet, TipRanks, Xendpay, Xpenditure, Zopa

Oberthur and SecureKey announce collaboration to enable secure cloud transactions.

Zopa reports £250 million lent in 12 months.

Xendpay eliminates fee for overseas bank-to-bank transfers.

MX boosts its funding total to $20 million with new investment.

Xpenditure announces two new partnerships, US expansion.

Financial Advisor profiles robo-advisor, iQuantifi.

SK Planet teams up with Celcom Axiata Bhd to form joint-venture company, Celcom Planet.

Programmable Web takes a look at Feedzai’s anti-fraud API.

EyeVerify announces Eyeprint ID v2.0 to launch in January on iOS and Android.

Fidor Bank and Kraken join forces to launch specialized bank for crypto currencies.

TipRanks CEO and co-founder Uri Gruenbaum discusses financial accountability in a CNBC panel discussion.

Dragon Wealth named Euromoney Magazine’s Best Wealth Management Innovator in Asia.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– October 27, 2014

By David Penn Posted on October 27, 2014
Categories: Azimo, Encap, Expensify, Feedzai, FutureAdvisor, Nutmeg, PayNearMe, Prosper, SocietyOne, The Currency Cloud, Thinknum, TransferWise, Xignite, Zopa

Feedzai and Encap Security team up to combine behavioral profiling with device credentialing to build better security for banks and merchants.

CB Insights lists Nutmeg, TransferWise, The Currency Cloud, and Azimo among the 10 top fintech startups from the UK.

The Guardian Money section looks at peer-to-peer lender including Zopa.

TWiST (This Week in Startups) interviews FutureAdvisor Co-Founder and CEO Bo Lu.

Prosper reaches $2 billion, reaching the second billion dollars in just 6 months.

Payment processing solutions provider, Bill2Pay, partners with PayNearMe to digitize cash collections.

Expensify open sources Segmented Control widget.

The Australian Business Review features Matt Symons, SocietyOne co-founder.

Check out Finovate Debuts: Thinknum.

Wired features Bionym’s Nymiband.

EVO* Snap launches mPOS Solution Supporting Apple Pay and EMV Globally.

MedicalMine and Bluefin Partner for Integrated Patient Payments.

Check out our feature on Xignite: Inspiring the Future of Finance with Easy and Speedy APIs

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– October 9, 2014

By Julie Muhn (@julieschicktanz) Posted on October 9, 2014
Categories: Arxan Technologies, BioCatch, CurrencyFair, Holvi, InComm, Xero, Zopa

Arxan Technologies partners with Xamarin to provide developers with enhanced application security solution.

InComm partners with PayPoint to launch Digital Gaming Vouchers.

Former Commonwealth Bank CMO Andy Lark appointed as Xero’s new CMO.

Technologie.ie interviews Brian Monaghan, head of online at CurrencyFair on the growth of hacking.

Avaus lists Holvi among the 30 smartest companies in Finland.

Fairer Finance gives top marks to Zopa in its latest personal loan roundup.

Fast Company profiles how BioCatch makes online art out of visualizations of hacking attacks.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– August 12, 2014

By Julie Muhn (@julieschicktanz) Posted on August 12, 2014
Categories: Dynamics, Jingit, LendUp, Luxoft, Mint.com, Oink, Simple, SocietyOne, Stocktwits, Thomson Reuters, TSYS, Wealthfront, wipro, Zopa

UK peer-to-peer leader Zopa tops $1 billion.

TSYS launches its Enterprise Tokenization solutions to help boost e-commerce security.

Thomson Reuters introduces Watchlist Pulse, a buy-side app for its Eikon platform.

Jingit’s Co-CEO and Co-Founder Joe Rogness explains to PYMNTS how they combine advertising and payment transactions.

StockTwits adds Former Yahoo! CEO and Robert Peck, SunTrust Tech Analyst, to Board of Directors.

Nanalyze features Dynamics ePlate technology.

Australia’s The Age considers how Society One plans to undercut banks’ personal loan rates by 5%.

Knox Payments considers how Mint, LendUp, and Simple are empowering our increasingly cashless society.

Oink brings its youth payment technology to online game company, Smilegate West.

San Francisco 49ers football team adds Wealthfront to list of benefits for employees.

Luxoft opens new delivery center in Guadalajara.

CEB Blogs interview Wipro’s Chief Learning Officer Abhijit Bhaduri.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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UK Peer-to-Peer Lender Zopa Tops $1 Billion

By Julie Muhn (@julieschicktanz) Posted on August 11, 2014
Categories: Zopa

London-based peer-to-peer lender, Zopa announced that it has surpassed the billion-dollar mark (£0.59 billion) in total lending since launch.

“The peer-to-peer industry is growing faster than ever,” Giles Andrews, Zopa CEO and co-founder said. “And we’re looking forward to offering new products like ISAs in the near (future).”

It’s a testament to the growth Giles speaks of that a quarter of Zopa’s lending has come in 2014 alone. The company has enjoyed 92% year-on-year growth (basis July), and expects to return £10 million in interest to lenders this year.

A few metrics on Zopa:

Year-to-date number of loans (2014): 104,000
Year-to-date funds loaned (2014): £148 million
More than 63,000 active borrowers
More than 57,000 active lenders
Average Zopa lender: 47 years old
Average Zopa amount lent: £5,710
Average Zopa borrower: 40 years old
Average Zopa amount borrowed: £5,500
Total amount returned to lenders since launch: £37 million
Top three most popular loan uses cases:

Car: 40%
Home improvement: 20%
Debt consolidation 20%

Founded in 2005, Zopa demoed its technology at FinovateSpring 2008. The company recently made headlines by winning the Most Trusted Loan Provider and Most Trusted Specialist honors at the 2014 MoneyWise Customer Service Awards in June.

Earlier this year, Zopa was named to the 2014 European FinTech 50, and won “Best Peer to Peer Lender” from Moneynet Personal Finance. The company raised £15 million in funding from Arrowgrass Capital in January, taking their total capital to more than $56 million.

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Alumni News– June 13, 2014

By David Penn Posted on June 13, 2014
Categories: Cachet Financial Solutions, Credit Agricole, Digital Insight, EyeVerify, GoBank, Jumio, Loop, PayPal, Qapital, Ripple, SocietyOne, Zopa

AstroPay launches Ripple LatAm, a licensed money service business to use Ripple Labs’ payment network.

Ron Shevlin looks at Credit Agricole’s bank-run mobile app store.

FirstView selects Cachet Financial Solutions to develop a prepaid mobile app to offer to FirstView cardholders.

Financial Review: James Packer, Lachlan Murdoch eye stake in peer-to-peer lender SocietyOne.

Jumio brings NetSwipe to the mobile web for companies without a native app.

PayPal rolls out PassPort to give merchants a resource for stats, tips and general information on selling internationally.

Behind the Scenes with Digital Insight, Loop, and Qapital.

Zopa wins Most Trusted Loan Provider and Most Trusted Specialist at 2014 MoneyWise Customer Service Awards.

Thinking Bigger features the team from EyeVerify.

Green Dot announces new GM of GoBank, Joshua Goines.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– June 12, 2014

By David Penn Posted on June 12, 2014
Categories: ID Analytics, Monitise, peerTransfer, Q2ebanking, Zopa

American Banker: Monitise launches Monitise Create, its mobile app design arm, in North America.

Zopa has now funded over 100k loans for UK borrowers. Its 52k active lenders have made 27.9 million loans since 2005.

ID Analytics to enhance products by incorporating Mattersight’s speech and behavioral analytics technology.

First Financial Bank to use Q2’s digital banking platform to connect local businesses to bank clients.

peerTransfer now supports currencies from over 95 countries at more than 475 institutions across the US, Europe, Canada, and Australia.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alums Raise $600 Million in First Quarter of 2014

By David Penn Posted on April 2, 2014
Categories: Azimo, BankBazaar, Birdback, CAN Capital, Credit Karma, Doxo, Kantox, Kapitall, Kensho, Klarna, On Deck Capital, PayNearMe, Payoneer, peerTransfer, Realty Mogul, Red Zebra, SmartAsset, SocietyOne, Spreedly, ThreatMetrix, Tradeshift, ZenPayroll, Zopa

Want some context on the torrid pace of fintech financing in the first three months of 2014?

Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.

A year later, we have just nine alums raising more than twice as much in the month of March alone.

March Madness, indeed.

Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million.

But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.

Total raised = More than $592 million

January — $91 million raised by seven companies

BankBazaar: $13 million — blog post
CAN Capital: $33 million — blog post
doxo: $3.5 million — blog post
Kensho: $10 million — blog post
peerTransfer: $6 million — blog post
Spreedly: $500,000 — blog post
Zopa: £15 million ($24.7 million) — blog post

February — $139 million raised by seven companies

Birdback: $2.4 million — blog post
Kantox: $8.9 million — blog post
Kapitall: $13 million — blog post
PayNearMe: $20 million — blog post
Red Zebra Analytics: undisclosed — blog post
Tradeshift: $75 million — blog post
ZenPayroll: $20 million — blog post

March — $362 million raised by nine companies

Azimo: $10 million — blog post
Credit Karma: $85 million — blog post
Klarna: $125.3 million — blog post
OnDeck: $77 million — blog post
Payoneer: $25 million — blog post
Realty Mogul: $9 million — blog post
Smart Asset: $5.2 million — blog post
SocietyOne: $5 million — blog post
ThreatMetrix: $20 million — blog post

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at [email protected] or [email protected]

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Zopa Lending Reaches £500 Million Milestone

By David Penn Posted on March 31, 2014
Categories: Zopa

Two months after reaching a new funding milestone, UK-based peer-to-peer lender Zopa is announcing another: the company has now lent more £500 million ($833 million) since launch in 2005.

“By cutting out the banks and offering returns of 5% … we are rewarding people for being sensible with their money,” Zopa CEO Giles Andrews said.

“Lending the next £500 million shouldn’t take another nine years as we expect to reach £1 billion lent in the next 12 months.”

This latest news from Zopa comes with a insightful set of fresh metrics:

Total loans: more than 90,000
Total active savers: 52,000
Total active borrowers: 70,000
Average loan: £5,500 ($9,170)
Average lender/saver age: 48
Smallest loan: £10 ($17)
Largest loan: £1.3 million ($2.2 million)
Three-year default rate: 0.17%
Total interest paid: £30 million ($50 million)

How are borrowers using their loans from Zopa? In 2013, 40% of all loans went toward auto purchases (£86 million). Borrowing for home improvement and to pay off existing debt were also popular destination for funds borrowed via Zopa (£39 million and £36 million, respectively, or $65 million and $60 million).

The largest peer-to-peer lender in the United Kingdom, Zopa is based in London and has a staff of more than 50. Recently profiled in The Guardian, the company was voted “Most Trusted Personal Loan Provider” in the Moneywise Customer Awards for four years in a row.

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Finovate Alumni News– March 17, 2014

By David Penn Posted on March 17, 2014
Categories: Dwolla, Heckyl Technologies, Ripple, rplan, SmartAsset, Zopa

rplan announces new “simple, transparent” charging structure.

Crypt.la lists its top 10 most interesting Ripple protocol services.

Tech Cocktail Austin interviews Dwolla COO, Charise Flynn.

SmartAsset launches Retirement Planning Tool, Announces 40% Month-Over-Month Growth.

The Tally focuses on India-based Heckyl Technologies.

Zopa embraces ThoughtWorks technology to improve data analysis capability.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– January 30, 2014

By Julie Muhn (@julieschicktanz) Posted on January 30, 2014
Categories: Arxan Technologies, D3 Technology, Fidor Bank, Flint Mobile, Geezeo, InComm, LendUp, Lighter Capital, Lodo Software, MiiCard, Mitek, SeedInvest, TransferWise, Zopa

Arxan appoints Patrick Kehoe as Chief Marketing Officer.

GRANCO Federal Credit Union to offer Geezeo powered PFM.

Mitek’s Mobile Photo Payments now offered by a large, unnamed cable, telecomm and media companies.

Lighter Capital extends 40th loan.

Lodo Software changes its name to D3 Technology.

miiCard adds former SWIFT CEO Lázaro Campos, previous VP of SecureWorks Richard Lewis, and prior Clydesdale executive Kenny White to its Board of Directors.

Zopa secures £15 million from London-based Arrowgrass Capital Partners.

Crowdfund Insider looks at SeedInvest and its comment letters to the SEC on crowdfunding and the JOBS Act.

LendUp launches educational video series to help combat identity theft.

Flint Mobile announces start of partner program for ISOs, MSPs, and ISVs.

Financial Times column on online banking and the cloud features Fidor Bank.

Your Story features TransferWise and its co-founder Taavet Hinrikus.

InComm and H&R Block enable consumers to reload their H&R Block Emerald Card at more than 60k Vanilla Reload locations in the U.S.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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