M&G preps Zopa P2P securitization after platform clinches capital injection

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By Tom Brown
05 Dec 2019

M&G has mandated Deutsche Bank as sole arranger for a peer-to-peer (P2P) transaction backed by loans originated from Zopa, a UK fintech which received a funding injection of £140m the same day its provisional banking license was set to expire.

Zopa, launched in 2005 as a P2P firm, obtained a provisional banking license in December 2018 but had to raise capital to fully launch the new bank. The firm shot past its funding phase with a Tuesday announcement, the day of the deadline, sealing a funding agreement of ...

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