British online peer-to peer (P2P) lender Zopa has set up a new development centre in Barcelona, Spain to support the launch of its bank.

The new facility will be used by developers to work on payment gateways, credit card processing, and deposit systems for the new bank.

The new centre in Barcelona will complement Zopa’s London Bridge-based development teams, with developers working on the bank to be split between both the countries.

Zopa head of bank build Didier Baclin said: “Our Barcelona development centre will give us access to some of the best software engineers in the world, allowing us to accelerate the development of the infrastructure we need to support the launch of our next generation bank.”

Zopa unveiled plans to launch an online-only bank in November 2016. Last week, the P2P lender completed a £32m funding round for the bank launch.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.