James Alexander

Zopa co-founder on P2P market: 'there will be consolidation'

James Alexander, co-founder and former board director at Zopa (pictured above), expects that following the rapid growth of the P2P market, there will be consolidation.

The keynote speaker for the Finance Professional Show – held yesterday (7th November) at Olympia London – was asked how his personal opinion of the P2P market as a whole had changed since the launch of Zopa in 2005, and his outlook of the sector's future. 

“I think what we have seen is people coming in and adopting the [P2P] model and quite often targeting different niches,” James answered.

“As with any industry and, in particular, any new sector, there [are] good people and there are bad people.

“There are people that run businesses well and people that run businesses badly.

“Today, we’ve got good banks and bad banks. 

“There are banks that went bust in the crash and banks that didn’t. 

“And I think we have started to see that.

“So, my expectation is there has been proliferation and I expect there to be more. 

“And there will be consolidation.

“Because it’s a marketplace, you can’t have zillions of marketplaces. 

“I think there [will] be few big winners.” 

Having served as CEO and board director at Zopa, James moved away from the business to become a partner at The Foundation in 2010.

James is now a director at FutureAgenda.org, a foresight, strategy and innovation advisory. 

He also continues to advise a number of fintech players, including Giffgaff Gameplan, Seedrs, Loot, Environmental Finance and LandBay.

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