The Anonymous Widower

Zopa Co-Founders Speak Out Against Fintech’s Peer-To-Peer Exit

The title of this post, is the same as that of this article on Financial News.

Read it, as it a cautionary tale about what happens to disruptive innovation.

Eventually, the big bad boys make sure you don’t disrupt their easy life.

Zopa has been part of my life for fourteen years and it did me well. Especially in the bad times and when I had a personal crisis.

I wrote Stability in Financial Systems in 2012, where I said this.

I have a strong feeling that Zopa, the peer-to-peer lender, is also a stable system. Other companies of the same type may well be too! but I am not as familiar with them as I am with Zopa.

Unfortunately, the decision makers in Zopa decided to become a bank, broke the stability and crashed the company.

Son of Zopa will arise!

December 15, 2021 - Posted by AnonW | Finance | Disruptive Innovation, Peer-to-Peer Lending, Zopa