The company aims to help savers achieve better rates by lending money to people looking for low-cost loans, and has seen its customers lend more than £455m through the platform.
Arrowgrass CEO Henry Kenner has joined the Zopa board following the investment.
Augmentum Capital, which is backed the FTSE-listed RIT Capital Partners, led an investment in the business in December 2012, while Bessemer Venture Partners is also a major backer.
Zopa CEO Giles Andrews said “As Zopa enables borrowers to dramatically cut their borrowing rates, and savers to see their money grow at market-leading rates and with the security they deserve, it’s win-win.
“This investment offers the opportunity to spread the benefits of Zopa further and faster.”
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