Zopa is a pioneering financial services company that operates in the peer-to-peer (P2P) lending market, providing a range of products including personal loans, savings accounts, credit cards, and car finance. Established in 2005, Zopa was the first company to introduce P2P lending, allowing individuals to lend money directly to borrowers, bypassing traditional banks. This innovative approach has enabled Zopa to offer better value loans and investments by leveraging technology to streamline the lending process.

Zopa serves a diverse clientele, including individual borrowers seeking personal loans, savers looking for competitive interest rates, and investors interested in P2P lending opportunities. The company operates primarily in the UK market and adheres to regulatory requirements set by the Prudential Regulation Authority (PRA), ensuring the stability and security of its financial operations.

Zopa's business model revolves around connecting borrowers and lenders through its online platform. The company generates revenue by charging fees on loans and offering financial products such as credit cards and savings accounts. Zopa's use of technology, including a 'soft' credit check that does not impact credit ratings, allows for quick pre-approval of loans, often within 12 seconds, providing a significant advantage in a market where lending approval can take days.

Keywords: Peer-to-peer lending, personal loans, savings accounts, credit cards, car finance, UK market, financial technology, quick approval, competitive rates, regulatory compliance.