Zopa builds on DivideBuy deal in 2023 as FinTech firm acquires Rvvup to boost retail finance offering

UK headquartered digital bank, Zopa Group, has acquired payments platform Rvvup. Financial terms of the deal were not disclosed.

It says that the move will enhance its retail finance offering by positioning it at the centre of the merchant's checkout, expanding its capability from Point of Sale lending to supporting all modern payment methods via one unified experience. 

Rvvup’s AI Payment Agent automates the entire payment process, choosing optimal payment methods, automatically syncing with tools such as Xero, and handling daily reconciliation tasks that merchants face when using multiple providers.

It currently works with the likes of Tile Giant, MP Moran, French Bedroom, Mole Valley Farmers, and Fireaway Pizza. The acquisition is Zopa’s second, having acquired PoS finance technology and lending platform DivideBuy in 2023. 

Tim Waterman, Chief Commercial Officer at Zopa Bank, says: "Acquiring Rvvup is a key milestone in both Zopa’s growth trajectory and our purpose of building the home of money. Data, technology and lending capability have always been core to our growth, and by integrating Rvvup’s unique offering, we will further strengthen our payments and PoS capabilities. We believe that together we can deliver a seamless checkout experience for merchants and customers alike.” 

David Nunn, Founder and CEO at Rvvup, says: “Rvvup and Zopa both have ambitious, strategic growth goals, and joining Zopa will propel our technology and capability immensely. We set out to remove the complexity of payments, unifying every method and channel into a single platform. Zopa’s mission to be the ‘home of money’ is a perfect complement to that vision.”

“By integrating our 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.” 

2025 RTIH INNOVATION AWARDS

Payments will be a key focus area at the 2025 RTIH Innovation Awards.

The awards. which are now open for entries, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter.

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering. 

For further information on the 2025 RTIH Innovation Awards, please fill in the below form and we will get back to you asap.