British Neobank Zopa Eyes Acquisitions for European Expansion

Zopa Group Plc is on the lookout for a potential acquisition to gain a foothold in Northern Europe, the latest UK neobank to set its sights overseas.

The SoftBank Group Corp.-backed lender could buy a local bank or fintech in Germany or Scandinavia as a way to enter those markets in the short-to-medium term, Chief Executive Officer Jaidev Janardana said in an interview. It’s looking “opportunistically” as and when targets become available, with its focus still on expanding its UK business, he added.