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Zopa, the UK neobank, snaps up $85M at a $1B+ valuation, eschewing the IPO route | TechCrunch

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Summary
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80% Informative

UK neobank Zopa has raised 80 million ( $85 million ) in equity funding.

CEO Jaidev Janardana says going public is “not a priority” for the company.

The company is profitable and has been growing its customer base at a rate of around 35% annually .

Zopa expects to end the year with 1.4 million customers and 5 billion in deposits.

VR Score

79

Informative language

77

Neutral language

39

Article tone

informal

Language

English

Language complexity

46

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

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not detected

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medium-lived

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