eCommerce - Monday, March 19, 2007
P2P Micro-Lender Zopa Raises $12.9M More And Hires New CEO
London-based Zopa says that it has secured $12.9M, appointed a new CEO and launched US operations. Zopa operates an online microlending marketplace. The firm's Series C funding was led by Bessemer Venture Partners and included Benchmark Capital and Wellington Partners. Zopa competes with another P2P microlending outfit called Prosper.com.
Doug Dolton has been appointed as CEO of the firm as part of the funding. Doltan was most recently CEO of San Francisco-based Chela Education Financing.
Read - Zopa vs. Prosper (The a:c)
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