Zopa co-founder and CEO Giles Andrews about the company’s journey.
Source: Zopa blog
giles andrews
Zopa Expects Record Loan Volume Growth in August
In the UK Zopa expects a record month of new p2p loans funded. CEO Giles Andrews told P2P-Banking.com today: “We are going through some dramatic growth at the moment. July was a record month with 908 loans for 4.5 million GBP, but we should do 1100 for 5.5 million GBP in August.”
Giles Andrews on Building Zopa
Giles Andrews on building Zopa, it’s brand and differentiating from banks.
P2P lending Asia
Some news from p2p lending in Asian markets:
Chinese PPdai.com (see earlier coverage) says it has received a first round of funding from Essentia Private equity. The amount was not disclosed.
On February 27th, Zopa's managing director Giles Andrews mentioned in a webchat "I have also been spending time in Asia and hope that we will launch in 2 very significant markets there in 2008, one of which we may even announce shortly….".
In the webchat Giles Andrews also said regarding the US market: "@Tealer We also think that our "competitors" over there are illegal, and I don't want to go to jail!".
Furthermore Zopa said it plans to launch an (optional) capital guarantee product in the UK market.
See earlier coverage of P2P-Banking.com on the p2p lending markets in Corea, China, India or Japan.