Zopa Bank will open a new regional office in Manchester in August 2025, aiming to grow the site to 500 staff as it expands its UK footprint and taps into the city’s tech and financial talent.
The digital bank, which serves 1.5 million customers and holds a full UK banking licence, said the new site would initially host 50 staff focused on product, engineering, and operations, with capacity to grow to over 500.
Its move marks a step in Zopa’s growth strategy and reflects its focus on tapping into regional tech and financial services talent.
Iain Kendrick, chief people officer at Zopa, said: “With more than 85 per cent of our customers based outside the capital, expanding into Manchester allows us to be closer to our diverse, nationwide customer base, access new talent, and accelerate our ambitious growth journey.
“Manchester has the energy, connectivity, and capability we need to support our next stage of expansion as we make Zopa a top-choice employer across regions.”
On the move
Zopa is expected to move to its landmark new headquarters later this year, doubling its office footprint, in addition to opening the new regional office in Manchester.
Bev Craig, leader of Manchester City Council, said: “Manchester has an active and ever-growing digital and tech community that is attracting key businesses that can take advantage of the ecosystem we have built in the city to support organisations to thrive.
“The new Zopa office is a continuation of this and further bolsters our reputation internationally as an important centre for fintech – while also supporting Manchester’s own growth ambitions in the tech sector, creating great employment opportunities to our residents.”
While Joe Manning, managing director of Manchester’s inward investment agency MIDAS, said: “Zopa’s choice of Manchester reflects our city-region’s fantastic digital landscape and financial services strength. Our vibrant community of thousands of tech companies, dynamic startup culture, and major universities producing skilled graduates create an ideal environment for innovative banking.
“This investment demonstrates how our city-region has become a magnet for leading fintech businesses seeking growth opportunities. We look forward to welcoming them to Manchester.”
