What happens if Zopa fails?
Zopa is run by a small team drawing experience from a range of industries including financial services. The team is backed by experienced investors, such as Benchmark (who backed eBay), Bessemer Venture Partners (who backed Skype), Wellington Partners, Tim Draper and The Rowland Family. So the risk of Zopa failing is minimal. However, if Zopa did go out of business, the loan agreements would still stand because Zopa is not a party to any loan contracts; it only provides the mechanism for agreeing them. The repayments will continue to be collected by Credit Resource Solutions Ltd, the collections agency that is appointed by Zopa lenders to collect missed payments under the Zopa Principles. The costs of collections activity will not vary if Zopa has failed. Debts assigned to P2PS Limited would continue to be pursued where possible and any sums recovered returned under the current principles as if Zopa still existed. Any money that has been transferred into Zopa and not lent out is held i
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