Zopa Profitable in 2011

P2P-Kredite.com reports that 2011 was the year in which Zopa achieved break-even and made a small profit. Zopa’s profit in 2011 was 26,143 GBP (following a loss of 392,289 GBP in 2010). Zopa’s turnover was 2.2 million GBP (approx. 3.5M US$), up from 1.7 million GBP in 2010. However the profit in 2011 is partly due to one-time effects. Zopa currently has a market share of about 2-3% of the newly funded unsecured consumer loans in the UK.Zopa manages the continuous growth with 23 employees. For 2012 a higher profit can be expected as the revenues will increase further with the loan growth while fixed costs (staff, platform) will increase slower. However it will take quite some time to recover the losses accumulated in the initial years (2005-2010).

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2 thoughts on “Zopa Profitable in 2011

  1. I don’t think this has been confirmed yet. Sounds rather unreliable.

  2. I was just in contact with Zopa and apparently they confirm the profits of about 26k!

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