Digital bank Zopa is to launch a new office in central Manchester.
The FinTech, which has 1.5m customers, says the new base – set to launch as early as August 2025 – represents a significant step in its ambition to grow its footprint across the UK.
It follows Zopa’s entry into everyday banking with Biscuit, its flagship bank account.
Zopa selected Manchester for its new office due to the city’s thriving tech ecosystem, strong financial services presence, and deep talent pool. With over 10,000 digital and tech businesses, a flourishing startup scene, and five major universities enrolling over 100,000 students, Manchester has become one of Europe’s fastest-growing tech hubs.
The Zopa Manchester office will initially provide space for a team of 50+ employees, with roles focused on product, engineering, and specialist operations. It could grow tenfold to over 500 staff over time.
“With more than 85% of our customers based outside the capital, expanding into Manchester allows us to be closer to our diverse, nationwide customer base, access new talent, and accelerate our ambitious growth journey,” said Iain Kendrick, chief people officer.
“Manchester has the energy, connectivity, and capability we need to support our next stage of expansion as we make Zopa a top-choice employer across regions.”
Leader of the Council Bev Craig added: “Manchester has an active and ever-growing digital and tech community that is attracting key businesses that can take advantage of the ecosystem we have built in the city to support organisations to thrive.
“The new Zopa office is a continuation of this and further bolsters our reputation internationally as an important centre for fintech – while also supporting Manchester’s own growth ambitions in the tech sector, creating great employment opportunities to our residents.”
Zopa doubled pre-tax profits to £34.2m in FY2024.