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Zopa Stops Originating Some Loans, Originations Down Around 75%

Zopa Stops Originating Some Loans, Originations Down Around 75%

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EuropeFintechNews Roundup
··1 min read

In light of the coronavirus crisis the consumer lender has opted to stop originating C, D and E grade loans; the company had already tightened their criteria but this is an extension of that move; Zopa’s Core product will fund A* and A loans and Zopa Plus will fund just B grade loans; not surprisingly this will in turn reduce originations dramatically by around 75 or 80% this month according to the company. P2P Finance

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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