# Zopa, the UK neobank that provides loans, credit cards and savings accounts to some 1.3 million customers, has raised €80 million ($85 million) in equity funding.

*fintech · news · 2024-12-06 · TechCrunch*

## Key points

- Zopa raised €80 million in equity funding led by A.P. Moller Holding, achieving an upround over $1 billion valuation.
- Zopa's IPO plans are now indefinitely delayed, with profitability only reached in April 2024, not 2021.
- Artificial intelligence, including generative AI for personalized customer engagement, will be brought to Zopa's front office in 2025.
- Zopa remains focused on the UK market with no immediate plans for international expansion or crypto offerings.
- Unlike many neobanks, Zopa built its platform in-house, enabling unique B2B partnerships like those with Octopus Energy and John Lewis.

**Companies:** Zopa, SoftBank, A.P. Moller Holding
**Countries:** UK, Denmark

[Read the full story on TechCrunch](https://techcrunch.com/2024/12/05/zopa-the-uk-neobank-snaps-up-85m-at-a-1b-valuation-eschewing-the-ipo-route/)

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