Zopa has received a £15 million investment from Arrowgrass Capital Partners – a hedgefund manager spun out of Deutsche Bank in 2008.
As part of the deal, Arrowgrass’ Chief Executive Henry Kenner will join Zopa as a Non-Executive Eirector. The platform has indicated that the funds will be used to bolster the profile of the peer-to-peer lending industry amongst consumers – increasing public awareness of the services on offer.
Giles Andrews, Co-Founder and Chief Executive, said:
“This investment offers the opportunity to spread the benefits of Zopa further and faster.”
We at AltFinanceNews recently warned that news items of this kind would come thick and fast throughout 2014. It was only yesterday that we reported the $40 million raised by Indiegogo. The world leaders in the alternative finance space are naturally the more frequent early beneficiaries of institutional investment, but don’t be surprised to see investments of this scale being directed towards a host AltFinance platforms soon.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.