Challenger financial institution Zopa has acquired on-line funds platform Rvvup and can make it a subsidiary in a bid to increase its retail finance providing.
Presently, Zopa gives point-of-sale lending on service provider checkouts. However via this acquisition, the financial institution will help much more fee choices in a single, synthetic intelligence-driven consumer expertise.
To do that, Zopa will faucet into Rvvup’s AI Fee Agent, which is designed to automate each step of the fee course of for each retailers and their prospects.
It will possibly choose the most affordable fee choices to assist improve gross sales, connect with third-party software program like Xero and automate reconciliatory duties, which retailers providing a number of fee choices should undertake to match a number of fee information and guarantee they match.
Rvvup’s software program is already utilized by the likes of Tile Big, MP Moran, French Bed room, Mole Valley Farmers, and Fireaway Pizza. And its crew has labored for the likes of Braintree, PayPal, Fiserv, Depop, Ocado and Capital One.
By leveraging Rvvup’s know-how and huge business experience, Zopa hopes to double its embedded finance enterprise over the subsequent two years. However its ambitions are even greater for the subsequent 5 years, because it’s eyeing up turning into a top-three retail finance supplier.
Zopa isn’t simply betting on Rvvup to attain these formidable objectives, although. It already owns point-of-sale know-how and lending platform DivideBuy, having purchased the agency in 2023. In accordance with the financial institution, such investments have performed a significant function in tripling earnings to £20.7m within the first half of 2025.
Describing the Rvvup acquisition as a “key milestone” in Zopa’s progress plans, Zopa Financial institution chief industrial officer Tim Waterman stated it will assist the web financial institution “ship a seamless checkout expertise for retailers and prospects alike”.
In the meantime, Rvvup CEO David Nunn advised that Zopa’s takeover of his enterprise would act as a progress catalyst for its merchandise and inner capabilities.
He stated: “By integrating Rvvup’s know-how into Zopa, we can have a novel proposition available in the market as the one platform to mix lending, banking, and multi-rail funds with AI embedded into the platform.”
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