The UK neobank Zopa raises USD 93M more at a valuation of USD 1B+

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After raising USD 300 million in a round led by SoftBank in 2021, the U.K. neobank Zopa has closed a deal for additional funding.

The company, which has about 850,000 customers and offers lending services, credit cards, and savings accounts, has raised £75 million (roughly USD 93 million), all of which will be used to develop new financial products, attract new clients, and make acquisitions.

The USD 300 million round in 2021 was made at a USD 1 billion valuation, but the company is not providing an actual valuation with this latest round. The company also said in a statement that the funding “cements and markedly enhances” its unicorn status.

Read More: Zopa, the UK neobank, raises $93M more at a $1B+ valuation

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