Tue, 02 Sep 2025 | BUSINESS SALE
Digital bank Zopa Group Plc has announced the acquisition of payments platform Rvvup Limited in a deal that it says will transform and accelerate its retail finance offering. The deal is Zopa’s second acquisition, following its 2023 takeover of point-of-sale finance technology and lending platform DivideBuy.
According to Zopa, the addition of Rvvup will enable it to offer merchants multi-channel checkout services powered by AI and means that merchants will be benefit from easy integration and a smoother checkout experience that maximises conversion and lowers processing costs.
Zopa says that the deal will expand its capabilities, moving it from point-of-sale lending to a unified offering supporting all modern payment methods. According to the company, this will drive deeper data insights, better payment conversion and lower processing costs for new and existing merchants within the next six months.
Rvvup has developed a smart AI Payment Agent, which is used to automate the payment process and select the optimal payment method to ensure that merchants can reduce costs and boost sales. The system automates many of the daily reconciliation tasks that merchants face when using a variety of payment providers and Rvvup is currently used by a wide range of prominent businesses, including Tile Giant, Fireaway Pizza, French Bedroom, Mole Valley Farmers and MP Moran.
According to Zopa, the acquisition is expected to treble the size of its embedded finance business within two years and solidify its position as a top three retail finance provider within five years.
Tim Waterman, Chief Commercial Officer at Zopa Bank, said that the acquisition was “a key milestone in both Zopa’s growth trajectory", adding that the integration of Rvvup’s offering would enable Zopa to “further strengthen our payments and point-of-sale capabilities. According to Waterman, the combination of the two businesses has the potential to “deliver a seamless checkout experience for merchants and customers alike.”
David Nunn, Founder and CEO at Rvvup, said: “Rvvup and Zopa both have ambitious, strategic growth goals, and joining Zopa will propel our technology and capability immensely.”
Nunn described Zopa’s business strategy as the “perfect complement” to Rvvup’s aim of simplifying payments and unifying methods and channels into a single platform.
He continued: “By integrating Rvvup’s technology into Zopa, we will have a unique proposition in the market as the only platform to combine lending, banking, and multi-rail payments with AI embedded into the platform.”
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