Microfinance Venture Zopa Raises Another Round of Venture Capital Financing

I’ve written about Zopa before on this blog— it’s a microfinance venture based out of London that enables person-to-person lending. Zopa just announced today that they have raised $12.9 million dollars from several VC firms, including Bessemer, Benchmark, and Wellington Management. The extra money will be used to enter the US market. Zopa isn’t focusing on the developing world (like Kiva is), but I think the US is a good market to test a proof of concept microfinance model.

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