Peer-to-peer lending platform Zopa has announced it has returned a total of over £50m in interest to UK consumers since launch in the same week it also passes £800m in total lifetime lending.

Zopa has consistently delivered higher returns to consumers since it was set up 10 years ago with rates averaging 5.6% (after fees and losses from bad debts). Zopa has continually outperformed rates offered by bank deposit accounts and even the UK housing market between 2005 and 2015[i].


Over a third (37%; £18.5m) of that £50m interest has been returned to lenders in the last year alone. Zopa, which pioneered P2P lending in 2005, expects to reach £1bn in total lending later this summer with the UK P2P industry set to reach £3bn in total lending by the end of 2015.

Giles Andrews, Zopa’s CEO and co-founder, said: “Delivering on our promise to return our lenders’ money with a total of £50m interest over the past 10 years is a testament to Zopa and P2P lending as an asset class.”

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“This has been made possible because our customers trust us to match their money to the UK’s most responsible borrowers. Reaching £50m in interest is further proof that Zopa & P2P lending is becoming a mainstream and trusted way for thousands of consumers to grow their money and get a better deal by side-stepping the banks.”

Giles Andrews
Giles Andrews

The sector is growing at a rapid rate and has the backing of government: the Treasury recently included P2P lending in the personal savings tax allowance due in April 2016, and is set to confirm how peer-to-peer lending will sit within ISAs later this summer.

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