Zopa acquires Rvvup to build AI-powered payments platform

By Vriti Gothi

Zopa Group PLC, the UK’s digital bank serving over 1.5 million customers, has acquired Rvvup Ltd., a next-generation payments platform. The move strengthens Zopa’s position as a merchant checkout experience, extending its retail finance offering from point-of-sale lending to a unified payments ecosystem powered by artificial intelligence.

Rvvup’s platform transforms the way merchants manage payments by bringing every modern method into a single, intelligent checkout journey. Its AI Payment Agent automates the end-to-end process, from dynamically selecting the most cost-efficient payment route to reconciling daily transactions and integrating seamlessly with tools such as Xero. The technology simplifies operations while turning payments from a cost centre into a driver of growth. For consumers, the integration promises faster, more flexible and frictionless checkout experiences, backed by a wider choice of payment methods.

The acquisition builds on Zopa’s purchase of DivideBuy in 2023 and is expected to treble the size of its embedded finance business within two years, cementing its ambition to become one of the UK’s top three retail finance providers within five years. Rvvup already serves a diverse range of businesses, including Tile Giant, MP Moran, French Bedroom, Mole Valley Farmers and Fireaway Pizza, and its team brings deep expertise from global leaders such as Braintree, PayPal, Fiserv, Depop, Ocado and Capital One.

Tim Waterman, Chief Commercial Officer at Zopa Bank, said, “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 Zopa’s growth, and by integrating Rvvup’s unique offering, we will further strengthen our payments and point-of-sale capabilities. We believe that together we can 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. At Rvvup, 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 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.”