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Digital bank Zopa has broadened its payments capabilities through a strategic acquisition.

The fintech firm has acquired Rvvup – a platform engineered to simplify businesses' payment acceptance, collection and administration processes, as reported by .

Zopa stated the purchase will triple its embedded finance division's scale within two years, encompassing the integration of financial services into non-financial platforms. The company also anticipates the transaction will establish it as a leading three competitor in retail finance over the next five years.

Specialist lending institutions have capitalised on retail financing opportunities as major banks withdrew from the sector.

Data from the Finance and Lease Association (FLA) showed the opening quarter of 2025 witnessed a 6% rise in retail finance compared to the equivalent 2024 period, with unprecedented £12bn in fresh lending recorded in March alone.

Zopa indicated the Rvvup acquisition will enable it to "accelerate" its retail finance proposition by establishing a seamless payment ecosystem spanning point-of-sale lending to comprehensive modern payment method support.

However, the challenger faces significant competition as it seeks to capture retail financing market share from established players who have filled the void left by major banks.

FTSE 250 lender Secure Trust claimed the third position in the marketplace after exceeding £1.35bn in customer loans during 2024.