RateSetter

lendingp2p lending

FOUNDING YEAR: 2010
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

RateSetter is a peer-to-peer (P2P) lending exchange, allowing people to lend and borrow money directly with each other, setting their own interest rates and not being forced to take a rate set by a bank. RateSetter will cut the cost of borrowing and enable those already in debt to get out of it quicker, while at the same time increasing returns for savers.

Focus

PRODUCTS & SERVICES

P2P lending

MAIN CLIENTS

Retail investors

Retail borrowers

Businesses

EXISTING PARTNERSHIPS

Giff Gaff

CommuterClub

CallCredit

Equifax

Ashurst

Price Bailey

European Pensions Management

London Colonial

Westerby Trustee Services Limited

COMMENT

Through the online platform, investors can nominate the amount they wish to invest, the interest rate they are ready to accept, and their request can then be matched to approved borrowers.

Traction

VALUATION / MARKET CAP:

$2.6 M in 2017

TRANSACTIONS COMMENT:

Processed $2.6 B in transactions in July 2017

People

FOUNDERS

Rhydian Lewis

BOARD MEMBERS AND ADVISORS

Alan Hughes

Hugh Garmoyle

Mark Davies

Ian Boyce

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Clean Energy Finance Corporation

KEY EMPLOYEES:

Daniel Foggo (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$63.35 M

DATE OF LAST FUNDING

Sep 2017

TOTAL FUNDING COMMENT

The company will use the new funds to run its green loan marketplace which will sanction loans to borrowers for the purchase of energy efficient products.

FUNDING SERIES

OTHERS  · $63.35 M · May 2017

LISTED

NO

COMMENT

$46.8 M Venture Funding in March 2015; $20 M Venture Funding in May 2017 from CEFC

BASICS

FOUNDING YEAR:

2010

LOCATION:

United Kingdom

Views:

134 VISITORS | 314 VIEWS
LATEST FUNDING ROUND

$63.4 M

TOTAL EMPLOYEES
201-500

About

RateSetter is a peer-to-peer (P2P) lending exchange, allowing people to lend and borrow money directly with each other, setting their own interest rates and not being forced to take a rate set by a bank. RateSetter will cut the cost of borrowing and enable those already in debt to get out of it quicker, while at the same time increasing returns for savers.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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Traction+
People+
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