Lending grows at Zopa

Peer to peer lending has surpassed £250m at Zopa, the financial services group that bypasses banks.

The latest lending figures are 90 per cent up on the same month last year.

Giles Andrew, the Zopa co-founder says: “Passing the quarter of a billion milestone way up on just a year ago proves that increasing numbers of people are looking beyond the banks to find the best savings and borrowing rates.”

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