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Zopa, an online marketplace where people meet to lend and borrow money for a fee, said it has raised $12.9 million to help it expand in the U.S, where if faces competition from Prosper.
The company said it appointed a new chief executive, Douglas H. Dolton, formerly CEO of Chela Education Financing.
The financing was led by Bessemer Venture Partners, an existing investor. Benchmark Capital and Wellington Partners also invested in the latest round. Benchmark has also backed competitor Prosper.
Here’s the company’s announcement, which provides background on Dolton. Under his leadership, San Francisco-based Chela grew into a significant student loan company.
We covered Zopa earlier.
The company has now raised about $34 million.