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Peer2Peer Finance News | August 23, 2019

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Zopa adds data to Crowdsurfer analysis

Zopa adds data to Crowdsurfer analysis
Suzie Neuwirth

ZOPA has become the latest peer-to-peer lender to submit its data to Crowdsurfer, the alternative finance analysis firm.

The platform, which recently gained full authorisation from the Financial Conduct Authority and completed a £32m equity fundraising, has lent in excess of £2.3bn to customers in the UK.

Cambridge-headquartered Crowdsurfer, which takes data from more than 900 alternative finance platforms including equity, bonds, SME debt and P2P, said that the addition of Zopa’s data set will deepen Crowdsurfer’s insight into the global alternative finance market.

“Zopa is the P2P pioneer in the UK and remains at the forefront of the P2P sector as it matures”, said Emily Mackay, chief executive of Crowdsurfer.

“Transparency and data intelligence are crucial to the health and growth of the online finance sector and we are delighted to be able to include Zopa’s data in our analysis.”

Read more: Zopa plans to launch bank

The P2P sector is one that continues to mature at speed, and its growth will be supported by the use of data, she added.

“Online funding is a fairer, more efficient, more impactful mode of deploying capital, and data is crucial to scaling that to every person on the planet,” she said.

“But its growth has been hampered by a lack of information, for investors, regulators and banks, as well as those that need access to finance. We aim to fill that gap and the inclusion of Zopa’s data only strengthens our analysis further.”

Read more: MarketInvoice names Zopa’s Giles Andrews as chairman