Zopa forms partnership with CommuterClub

Zopa has announced a new partnership with CommuterClub.

The financial services firm – which is backed by tennis star Andy Murray – provides loans to commuters for annual season tickets.
These loans save customers who commute to work hundreds of pounds per year.
The new partnership will now see Zopa start funding loans to CommuterClub’s pool of low-risk borrowers.
CommuterClub loans run for 10 months, while Zopa’s current shortest term is 12 months.
“As we grow, it’s important that we find and build relationships with like-minded organisations to help further develop our business,” said Andrew Lawson, chief product officer at Zopa.
“Our partnership with CommuterClub is just the latest example of how we’re helping people get better value financial products and enjoy a stress-free experience.”
This announcement comes after Zopa raised £44m in the first stage of its most recent fundraising round.