Zopa Bank raises £80m in bond listing as it gears up for current account launch

Zopa Raises $106 Million Before Launching Flagship Bank Account

Zopa raised $106 million in AT1 capital to bolster its balance sheet ahead of launching its flagship bank account. The UK digital bank has raised $1.2 billion, and has doubled its profits to $45 million in 2024. Zopa’s bank account is currently in a beta phase with a limited number of customers. UK-based digital bank Zopa has raised $106 million (£80 million) in Additional Tier 1 (AT1) capital from existing and new investors. The new funds come …

Zopa Bank raises £80m in bond listing as it gears up for current account launch

The lender, which will convert to an unlisted public company within six months of the transaction, is gearing up to launch current accounts

Zopa Raises £80M in AT1 Capital

Zopa, a London, UK-based digital bank company, raised £80M in an AT1 Capital. Existing and new investors participated. The transaction was completed on the International Securities Market (ISM) of the London Stock Exchange. Following the transaction, Zopa Group Limited will be re-registered as an unlisted, public company (PLC) within 6 months. The company intends to […] The post Zopa Raises £80M in AT1 Capital appeared first on FinSMEs.

Zopa raises £80m in first LSE bond listing

Digital bank Zopa has raised £80m in additional tier 1 capital through the listing of a bond on the London Stock Exchange.  The non-dilutive capital injection will bolster the bank’s balance sheet as it prepares to launch its new flagship current account product.  The transaction, completed on the International Securities Market in London, was oversubscribed from more than 20 investors. Zopa said the success of its bond listing was a sign of the…

Zopa to ‘shift gears’ with £80m AT1 raise

Digital bank Zopa has raised £80m in Additional Tier 1 (AT1) capital from existing and new investors to accelerate growth. It follows an £68m equity fundraise in November 2024. Zopa says the funds will be used to strengthen its balance sheet without diluting shareholders as the bank prepares to enter everyday banking with the imminent launch of its flagship current account. The transaction was completed on the International Securities Market (IS…