British fintech company Zopa Bank has achieved annual profitability for the first time, marking a significant milestone since its launch in 2020.
The digital bank reported a pre-tax profit of £15.8m for the year ended 31 December 2023, a substantial turnaround from the previous year’s loss of £26m.
Zopa’s customer base has surpassed one million people, and its total operating income saw a robust growth of 47.8%.
Zopa Bank addresses the challenges of traditional banking systems by offering digital financial services such as deposit accounts, loans, and credit cards.
The company aims to revolutionize customers’ relationship with money, providing an alternative to conventional banking methods.
Zopa Bank provides a range of digital banking services, including deposit accounts, loans, and credit cards, leveraging technology to streamline financial transactions and improve customer experiences.
With a focus on transparency and efficiency, Zopa aims to offer innovative solutions that empower individuals to manage their finances more effectively.
Zopa Bank targets a diverse range of users in the UK market who seek convenient and reliable digital banking solutions.
With a growing customer base exceeding one million people, Zopa appeals to individuals looking for modern, user-friendly financial services.
Additionally, with its expansion into the UK current account market, Zopa aims to cater to a broader audience seeking comprehensive banking solutions.
