Zopa Bank Expands Geographically, Establishing a New Regional Office in Manchester
Zopa Bank, one of the UK's leading digital banks, is set to open a new regional office in central Manchester, marking a significant investment in the city's tech and financial sectors. The office, scheduled to launch in August 2025, is a key part of Zopa's strategic growth across the UK and underscores the bank's commitment to innovation and talent development.
The Manchester office will initially accommodate more than 50 employees, primarily in product, engineering, and specialist operations roles. Over time, Zopa plans to expand this workforce tenfold to around 500 staff, creating substantial employment opportunities in the region.
Manchester was chosen for its thriving tech ecosystem, strong financial services presence, and deep talent pool. The city boasts over 10,000 digital and tech companies, a flourishing startup scene, and five major universities enrolling over 100,000 students, making it one of Europe’s fastest-growing tech hubs.
The move supports Manchester’s reputation as an important fintech centre, reinforcing its status internationally and boosting local economic growth. Joe Manning, Managing Director of MIDAS, endorses Zopa's choice, highlighting the city's digital landscape, financial services strength, and vibrant tech community.
Zopa's expansion into Manchester is also strategic as more than 85% of its customers live outside London. This move will allow the bank to be closer to its diverse UK customer base. The location provides Zopa with the energy, connectivity, and capability needed to support its next growth phase and helps position Zopa as a top regional employer.
The opening of the Zopa Bank Manchester office is another step in the bank's continued expansion into major UK cities. This follows Zopa's increased footprint in London, including moving into Canary Wharf earlier in 2025 and raising £80 million from a bond listing. The launch aligns with Zopa’s ongoing innovation push, exemplified by the rollout of its flagship mobile-first bank account, Biscuit.
Zopa, a digital bank trusted by 1.5 million customers, is one of the UK's highest rated and most celebrated financial brands. In FY2024, the bank doubled pre-tax profits to £34.2 million, thanks in part to continued innovation and partnerships with brands like Octopus Energy and John Lewis. With a Trustpilot rating of 4.6/5 and one of the highest customer satisfaction scores in the industry, Zopa continues to lead the way in digital banking.
The leader of the Manchester City Council, Bev Craig, previously stated that the new Zopa office bolsters Manchester's reputation as an important centre for fintech. The arrival of Zopa is expected to further attract tech and financial services investment, stimulating the broader innovation ecosystem.
In summary, Zopa Bank's Manchester office reflects a major investment in the city's tech and financial sectors, promising substantial job creation, talent development, and reinforcing Manchester’s role as a leading fintech and technology hub in the UK and Europe.
- Zopa Bank might find it beneficial to showcase the latest developments in their Manchester office on ffnews.com, as it is a key part of their strategic growth in finance, business, and technology sectors across the UK.
- With a growing presence in Manchester's thriving tech ecosystem, Zopa Bank could potentially collaborate or exchange ideas with other digital and tech companies, fostering innovation and business partnerships in the region.
