UK based peer to peer lending platform RateSetter has topped £2.5 billion in loan originations, according to a note from the company. The online lender provides credit to both individuals and UK SMEs. The milestone comes just as RateSetter announced that it had generated £100… Read More
Last month, RateSetter announced it was entering a partnership with George Banco and acquiring an equity stake in the personal loan provider company. Unfortunately, RateSetter revealed earlier this month that it has decided to pull out of the partnership after all. As previously reported, George Banco… Read More
RateSetter is expanding its footprint by entering into a strategic partnership with personal loan provider George Banco. RateSetter has also acquired an equity stake in the George Banco company. George Banco is one of the UK’s largest guarantor lending platforms. The partnership incorporated the acquisition… Read More
RateSetter, one of the UK’s largest marketplace lenders, reported on Thursday that since its launch in 2010 investors have pocketed more than £50 million in interest, earning an average rate of 4.7%. According to the lender, investors use its website to lend money to individuals,… Read More
The Bank of England (BoE) has cut its benchmark rate by 0.25% – the first time in 7 years. The pound quickly moved lower reacting to the announcement. The move was telegraphed several weeks back in reaction to Brexit fallout. The interest rate cut… Read More
RateSetter, a UK-based peer to peer lending platform first opened up for operations in 2010, completing its first loan on October 7th. Since that date, the online lending platform has matched over £815 million in loans, paid almost £25 million in interest to investors and… Read More
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