With this move, Zopa Bank and Lendable may now take use of Compare the Market's cutting-edge offerings, which are designed to help customers make more informed and effective lending decisions. Numerous financial products are integrated, including Lendable's own branded loans, the Zable credit card, and Asda Money loans through Lendable. Customers may now compare credit cards and loans from Zopa Bank in addition to products from John Lewis & Partners.

Compare the Market's Chief Growth Officer, Andy Hancock, says, "We are thrilled to welcome Lendable and Zopa Bank to our direct panel of lenders." Because of our direct connections, we are able to collaborate even more directly with lenders to create goods and services that help clients get amazing prices. Our money proposition is growing, and we're working to create new services and products for lenders and card issuers that will provide consumers more options and direct them to the greatest offers and products."

Since its start in 2006, Compare the Market has developed into one of the top price comparison websites in the UK. The platform, which was first primarily focused on insurance, has expanded its product offerings to encompass a variety of financial goods, including loans and credit cards.

Lendable, a company renowned for its quick funding and decision-making processes, use cutting-edge data science and machine learning methods to enhance lending operations. By utilizing many data sources other than standard credit ratings, Lendable is able to provide loans to a wider range of consumers.

Zopa Bank achieved a pre-tax profit of £15.8 million for the fiscal year ended December 31, 2023, indicating a notable financial recovery. After suffering a pre-tax loss of £26 million the year before, this is a significant comeback. In 2023, the bank's overall income came to £226 million, a 29.7% growth in spite of difficult market conditions. To support its expansion, Zopa has also obtained £75 million in Tier 2 capital. This cash raise and financial performance have been viewed as potential first steps toward an IPO.

Lendable's valuation has increased to over £3.5 billion following the raising of £210 million in a fundraising round spearheaded by the Ontario Teachers’ Pension Plan Board via its Teachers’ Innovation Platform (TIP). Furthermore, ShopUp, a well-known B2B commerce platform in Bangladesh, received US$20 million in debt financing from Lendable, marking the company's first investment in South Asia. The purpose of this investment is to improve ShopUp's distribution network and supply chain operations.