Zopa Acquires Payments Firm Rvvup

UK digital bank Zopa has made a significant move to expand its payments capabilities by acquiring Rvvup, a provider of AI-based checkout payment automation tools. The acquisition builds on Zopa’s earlier purchase of point-of-sale finance platform DivideBuy in 2023, underscoring its ambition to scale its embedded finance business.

Rvvup brings with it a sophisticated AI Payment Agent that automates the end-to-end checkout process for merchants. The system determines the most efficient and cost-effective payment method, reducing fees while boosting sales. It also integrates seamlessly with tools like Xero, managing daily reconciliation tasks that usually burden merchants using multiple providers. This creates a streamlined payments flow, cutting both costs and complexity.

The platform already supports a diverse range of merchants including Tile Giant, MP Moran, French Bedroom, Mole Valley Farmers, and Fireaway Pizza. With Zopa’s resources behind it, Rvvup’s unified checkout solution will now extend from point-of-sale lending into support for all modern payment methods.

Tim Waterman, chief commercial officer at Zopa Bank, said the deal highlights the bank’s ambition to treble the size of its embedded finance business within the next two years and position itself among the top three retail finance providers within five years. He emphasized that Zopa’s strengths in data, technology, and lending will combine with Rvvup’s AI-driven tools to create a superior checkout experience.

This acquisition signals Zopa’s strategy to compete more aggressively in the retail finance and payments market. By investing in technology that empowers merchants and simplifies payment processing, Zopa is strengthening its footprint in embedded finance and positioning itself as a leader in digital financial services innovation.

AI paymentscheckout automationdigital bank acquisitionsEmbedded Financefintech UKPoint of SaleRvvupZopa