The JPMorgan Chase-backed digital bank owner pulled in the funding in a round led by SoftBank Vision Fund 2 at a valuation exceeding $1bn.

Internet and telecommunications group Softbank’s Vision Fund 2 led a £220m ($304m) funding round for UK-based digital bank operator Zopa today valuing it at just over $1bn according to the Financial Times.

The round also featured asset manager Chimera Capital and existing backers including investment firm IAG Capital Partners’ Silverstripe fund and venture capital firms Northzone and Augmentum Fintech.

Founded as a peer-to-peer lending platform, Zopa is the operator of a neobank which offers savings accounts, a credit card and…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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