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Zopa Bank
launched investment products through a partnership with infrastructure provider
Upvest, intensifying competition with Revolut as the smaller digital bank adds
brokerage services to match its larger rival’s offerings.

Zopa Challenges Revolut
With Investment Products Launch

The digital
bank rolled out general investment accounts and stocks and shares ISAs in beta
to current customers, with plans to open access to the broader public early
next year. Zopa faces an uphill battle against Revolut, which serves 10 million
UK customers and operates a trading platform with more than 650,000 active
users.

“Zopa Investments are being rolled out in beta to
existing customers before becoming available to the wider public in early 2026,
initially targeting those 15 million UK adults who hold more than six months’
income in cash but are not yet investing,” the company commented in a
statement.

Customers
can open accounts with £1 minimum deposits and move money in and out while
maintaining full annual ISA allowances, according to the announcement. The bank
plans to add exchange-traded funds and additional features after the initial
rollout, mirroring Revolut’s strategy of expanding investment options over
time.

“For far too long, Brits have been sitting on
billions of cash, not because they don’t want to invest, but because they don’t
know where to start. At Zopa, we’re changing that,” Merve Ferrero, CSO at Zopa, said.

This is another step by the smaller
challenger this year to take on British fintechs, including Monzo, after
launching current accounts in June and expanding significantly since its
initial P2P lending offering.

Size Gap Creates Uphill
Competition

Revolut
dwarfs Zopa across nearly every metric, operating with a customer base more
than six times larger and a $45 billion valuation earned through rapid
international expansion.

The fintech
giant added 10 million customers during 2024 alone, matching the total growth
trajectory Zopa would need several years to achieve at current rates.

Revolut
received a standalone UK trading license from the Financial Conduct Authority in
November 2024, allowing the platform to offer UK and EU-listed stocks and
ETFs starting in 2025. The company currently provides access to more than 4,000
stocks across US, UK, and European markets through its investment platform.

Digital Bank Builds Full
Product Suite

The bank
reported £20.7 million in profit during the first half of 2025, tripling
year-earlier results, while revenue climbed 30% to £303.4 million for the full
2024 year. One in four Zopa customers now holds multiple products with the
bank, indicating success in cross-selling lending, deposit, and transaction
accounts.

Upvest’s Investment API
processes internal transfers between Zopa’s existing cash ISAs and the new
stocks and shares ISAs, eliminating manual paperwork that typically delays
account migrations. The Berlin-based technology company also powers investment
platforms for Revolut, creating a situation where the same infrastructure
provider supports both competitors.

“We’re
proud to be powering Zopa’s brand new capabilities with Upvest’s Investment
API. Our partnership will make investing easy, simple, and trustworthy for
Zopa’s 1.6 million customers as it enters its next phase of growth,” added Symmie
Swil, UK General Manager of Upvest.

Upvest
works with several major brands in the European market, most recently partnering
with IG to help the London-listed brokerage introduce stock trading in
France. Earlier, the company enabled
Webull UK to add London-listed shares to its offering.

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This article was written by Damian Chmiel at www.financemagnates.com.

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