Rumour has it that peer-to-peer lender Zopa has a £50m fundraise on the cards, according to reports circulated today.
Zopa is reportedly in advanced talks with investors that will see it raise a £50m fundraising round, according to sources in conversation with Sky News' Mark Kleinman.
If true, the peer-to-peer lender could see its valuation rise to nearly £400m. It would then take its total funds raised to £125m, after completing its last fundraising round in June 2017 to the tune of £32m.
Kleinman suggests that this latest raise is likely to serve as a pre-IPO round, with Zopa expected to go public within the next few years. Fellow peer-to-peer lender Funding Circle is also rumoured to be lined up for an IPO of its own, set to happen later this year. Though today's news has yet to be confirmed, Kleinman has often been proved correct on these matters in the past.
Earlier today Zopa announced that it would be creating separate boards for its lending platform, its soon-to-be launched neobank and for the Group as a whole. Its cumulative total funds lent to date is approximately £3.2bn, according to statistics provided by AltFi Data.