British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology investor SoftBank.

The world’s oldest peer-to-peer lender said it had secured the capital from SoftBank’s Vision Fund 2, with participation from Chimera Capital and existing investors IAG Silverstripe, Davidson Kempner, NorthZone and Augmentum Fintech.