Zopa, a peer-to-peer lending company that operates in the United Kingdom, Italy, and Japan, announced that they have originated £3.81 million in new peer-to-peer loans during the month of January and are on pace to originate over £50 million in new loans during 2010.
On the company’s blog, Zopa said that, “In January, we disbursed £3.81 million to our borrowers, making it our biggest month ever. We’re pretty chuffed with this, so thanks to all our members for making it possible. And with our table-topping A* rates, we hope to have an even better February!”
Zopa is a relatively large peer-to-peer lending company compared to some of its non-United States counterparts. To put things in perspective, Zopa is originating about twice as much in loans per month as Prosper and about 66% of what Lending Club is originating.
Zopa is a peer-to-peer lending company based in England. The company has operations in the United Kingdom, Italy and Japan. Zopa had been planning to launch a U.S. version, but has since scrapped those plans in October 2008 citing the United States’ deteriorating economic conditions. Zopa has received an estimated $33.9 million in venture capital.
