Zopa, the UK neobank, snaps up $87M at a $1B+ valuation, eschewing the IPO route

Some believe Klarna’s planned IPO in 2025 could set the stage for other fintech startups to go public. But with the tech IPO market still sluggish, one of the candidates hotly tipped to follow suit has instead just announced a fundraise, and its CEO says going public is “not a priority.”

Zopa, the U.K. neobank that provides loans, credit cards, and savings accounts to some 1.3 million customers, has raised €82 million ($86.8 million based on current exchange rates) in equity funding. The company is not disclosing an exact valuation, but from what we understand, it is an upround and values Zopa at well over $1 billion.