Zopa partners with Saffron Building Society

Zopa has partnered with Saffron Building Society, enabling consumers to get access to a Zopa loan either in branch or online.

Related topics:  Finance News
Rozi Jones
3rd October 2017
Jaidev Janardana Zopa
"The partnership with Zopa is an exciting addition to our financial planning product range"

Colin Field, CEO of Saffron Building Society, said: “As a member focussed mutual Building Society we are always considering different ways to offer members and customers complementary services that enable them to do more with their money. The partnership with Zopa is an exciting addition to our financial planning product range and we are delighted to be working with such a progressive customer focussed business that offers real value to customers combined with a best in class customer experience.”

Jaidev Janardana, Zopa CEO, commented: “We’re delighted to be teaming up with Saffron Building Society and bringing our simple, flexible, and better value loans to even more people in the UK. The partnership is exciting for us as it brings together two customer-led businesses, as we continue on our mission of making money simple and fair for customers.”

Last year, Zopa announced plans to launch a "next generation" digital bank to sit alongside its peer-to-peer business.

The lender says its regulatory application process was "in early stages" as of November 2016 and was expected to take 15-24 months.

Zopa's banking licence will lead to extended range of savings and borrowing products including FSCS protected deposit accounts to savers and overdraft alternatives to borrowers.

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