Zopa reveals stock market ambitions as it aims to take on big banksChief executive Jaidev Janardana wants the firm to be a top 10 bank within the next three to four years. Mr Janardana said while Zopa has been funded by equity investors and venture capital until now, an initial public offering (IPO) would be a natural next step to help fund its banking ambitions.
The boss of Britain’s oldest peer-to-peer lender has revealed aims for a future stock market flotation under plans to take on the major high street banks. Zopa boss Jaidev Janardana told the Press Association the group would consider the move in two or three years’ time to help it expand after securing a banking licence from the City watchdog. He wants to become a “major force in retail banking”, with the peer-to-peer pioneer taking its ethos of market disruption into the sector dominated by the major high street lenders. I'd be very disappointed if we're not a top 10 player in the next three to four years Jaidev Janardana, Zopa