The P2P lending platform launched its IFIsa to existing customers in June 2017, before opening it to new customers in January 2018.
Zopa said that in recognition for reaching the £100m milestone, it would offer its customers cashback as a reward for their loyal support.
Between 24th April and 8th May, both new and existing customers can earn up to £200 cashback on new money they invest with Zopa.
- Former P2PFA chair joins Zopa
- Zopa reaches £3bn lending milestone
- £80m lent through Funding Circle Isa
Since the start of the year, 60% of new customers’ investment on the platform has been into its IFIsa products.
“Since launching in June, more than 12,000 customers have chosen to open an IFIsa with Zopa, benefiting from a better return on their investments in exchange for a bit more risk,” said Andrew Lawson, chief product officer at Zopa (pictured above).
“Reaching the £100m milestone shows that there’s a strong appetite among our investors for an IFIsa product that sits in the sweet spot between lower return cash Isas and potentially volatile stocks and shares Isas.”
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