London-based fintech Zopa has announced plans for a new office in the capital’s bustling Canary Wharf financial district.
Founded in 2005 as a peer-to-peer lender, Zopa began to develop banking services in 2016 as it sought more stable means to fund its loanbook. In 2020, the fintech became a regulated bank and launched savings accounts and credit cards.
Announcing the move, chief people officer Iain Kendrick said: “Our relocation to a brand-new headquarters at 20 Water Street in the heart of Canary Wharf marks a major milestone in Zopa’s growth journey.”
He added: “This move is more than just a change of address—it’s a statement of intent as we change the face of banking in a location previously dominated by the UK’s established banking players.”
Zopa follows fellow fintech Revolut, which recently announced plans for a new HQ in Canary Wharf, already home to banking giants like Barclays and Deutsche Bank.
In December, Zopa announced it had raised €80m as part of an ambitious push into new product verticals such as current accounts, investments and a GenAI-powered financial assistant.
Neobanks such as Revolut, Bunq and Lunar have also announced similar AI-powered assistants in the last six months or so.
