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 | Finance | , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: