UK Money News
3rd April 2008
Top award for social lending website
An innovative social lending website has been awarded a top prize at an awards ceremony.
Zopa was named the Most Threatening Non-bank Competitor at the 26th Retail Banker International Forum 2008 event.
It overcame stiff competition from household names such as PayPal, Wal-Mart, Vodafone and Prosper to pick up the gong.
Douglas Doulton, chief executive officer of Zopa, said: "This is a very gratifying award to win, especially ahead of such big brands and one of our Social Lending competitors in the USA.
"Zopa has won a number of major awards from the banking industry now, so clearly we've made them look up and take notice."
Mr Doulton added: "Once we get more of their customers to see the better deals that Social Lending can offer, and the refreshing difference that borrowing and lending with other people can be, these awards may seem rather ironic!"
UK-based Zopa operates as a money exchange which uses a peer to peer lending system, cutting out the need for borrowers to approach traditional lenders..
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