Digital bank Zopa Group PLC has entered the investments market.

Zopa, which has 1.6 million customers, says it is offering simple solutions for long-term financial planning.

Zopa Investments sits alongside its other products such as the Zopa Cash ISA and Biscuit Current Account.

At launch, Zopa will offer two funds, Balanced and Bold, with a track record of 4.5% and 9.3% average annual returns respectively, available in General Investment and ISA wrappers.