Zopa, an online marketplace where people meet to lend and borrow money for a fee, said it has raised $12.9 million to help it expand in the U.S, where if faces competition from Prosper.
The company said it appointed a new chief executive, Douglas H. Dolton, formerly CEO of Chela Education Financing.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":5106,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"A"}']The financing was led by Bessemer Venture Partners, an existing investor. Benchmark Capital and Wellington Partners also invested in the latest round. Benchmark has also backed competitor Prosper.
Here’s the company’s announcement, which provides background on Dolton. Under his leadership, San Francisco-based Chela grew into a significant student loan company.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
The company has now raised about $34 million.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More