← ZopaZopa co-founderShare your journey

Zopa co-founder

Richard Duvall and Zopa

A founder of Egg who went on to co-found Zopa, the UK's first peer-to-peer lender.

Richard Duvall was a senior member of the Prudential team that set up Egg, the UK's first internet bank, in 1997. He was Egg's launch director and later its chief marketing officer.

Zopa was started by a team from Egg. Duvall was a co-founder with Giles Andrews, James Alexander, David Nicholson and Tim Parlett, and was the company's first chief executive. It launched in March 2005 as a peer-to-peer lender, an eBay for money.

Duvall died in 2006. Giles Andrews went on to lead Zopa for many years.

Zopa passed £2bn in loans in January 2017, received a full banking licence in June 2020 and left peer-to-peer lending in December 2021. It raised $300m in October 2021 at a valuation of about $1bn.

Read the full Zopa founder story

What was Richard Duvall's role at Zopa?

Richard Duvall was a co-founder of Zopa and its first chief executive. Zopa launched in March 2005 as a peer-to-peer lender.

What did Richard Duvall do before Zopa?

He was a senior member of the Prudential team that set up the online bank Egg in 1997. He was Egg's launch director and later chief marketing officer.

How did Zopa start?

Zopa was started by a team of former Egg executives. They set out to create an eBay for money, letting savers lend directly to borrowers.

Startup Talk · Preview edition · Figures are from public sources and may be out of date
About · Contact · Terms · Privacy · Badge · Share your journey