https://techcrunch.com/2023/02/01/zopa-the-uk-neobank-raises-93m-more-at-a-1b-valuation/

After raising $300 million in a round led by SoftBank back in 2021, UK neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending services, credit cards and savings accounts and has some 850,000 customers — has raised £75 million (around $93 million), an all-equity investment that plans to use both to build out new financial products, to bring on more customers, and to make acquisitions.

Interestingly, Zopa is not disclosing a lead investor, but CEO Jaidev Janardana confirmed to us in an interview that it was an inside round from existing investors; that some of those involved included investment firms Uprising and Augmentum; and that SoftBank was not in this round but that it remains an investor and board member. The company also said in a statement that the funding “cements and markedly enhances” its unicorn status — the $300 million round in 2021 was made at a $1 billion valuation — but it’s not providing an actual valuation with this latest round.