Zopa, AUGM’s second largest investee (14.2% NAV as of 30 Sept), is a neobank focused on the UK consumer. Zopa is scaling, has become profitable and is looking to grow its loan-book in a consistent manner. Its customer proposition is focused on providing ease and value in poorly served markets. Zopa has a clear vision as to how a combination of scale efficiencies and new products will drive profitability faster and well beyond what can be achieved by balance sheet expansion alone. 2025 will be a ....
