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March 28, 2006
London's Zopa Takes $15M To Move Into the US
London-based Zopa has raised $15M in Series B funding from Bessemer Venture Partners as well as existing investors Benchmark Capital and Wellington Partners. Zopa plans to open its California office this year. The company is just one year old but has a head of steam, claiming 55K members. Zopa pioneered person-to-person lending, which seeks to lower borrows rates and give personal lenders a higher investment rate than savings accounts.
Zopa's chief rival is Prosper.com - which we assumed borrowed Zopa's business model. Zopa is led by executives who previously launched Egg PLC. Bessemer Venture's Rob Stavis, who led the financing of Skype, will join the Zopa board of directors, so of course Zopa is comparing itself to Skype.
Read - Zopa Raises $15 Million in Funding to Launch in California (Press Release)
Posted on March 28, 2006 01:47 AM | Posted to eCommerce | Permalink
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