Tagged: ratesetter

RateSetter Australia Surpasses $200 Million in Loans

Last week, peer-to-peer lending platform RateSetter announced that it has surpassed $200 million for loans in Australia. The online lender reportedly launched in Australia nearly three and a half years ago.  “This week we passed through $200 million of loans matched between investors and borrowers…. Read More

RateSetter Publishes 2016-2017 Accounts

On Wednesday, UK peer-to-peer lending platform RateSetter released its accounts for the year ending on March 31, 2017. The online lender reported that revenues were £23.7m, up 38 percent from 2015-16; loans under management grew by 23 percent, from £581m to £714m; the number of… Read More

RateSetter Expected to Launch ISA in February 2018

On Friday, RateSetter announced it is now expected to launch the RateSetter ISA in February 2018. The platform revealed that as a reward to its loyal customers, the RateSetter ISA will exclusively be available to its existing lenders for an initial two week period. RateSetter stated… Read More

RateSetter Appoints Richard Steele Regional Manager of Midlands

UK-based peer-to-peer lending platform RateSetter announced on Friday it has appointed Richard Steele as its regional manager for the Midlands. According to the online lender, Steele has more than 15 years of business lending experience and prior to joining RateSetter, he held the relationship manager… Read More

Report Indicates Chancellor to Announce Multi-Billion Pound Fund to Fuel UK Scale-Ups

Chancellor of the Exchequer Philip Hammond’s Autumn budget will be revealed this week and there is plenty of chatter as to what may, or may not, be included in the important policy statement. With Brexit pressure compelling policy makers to do everything they can to… Read More

FinTech Australia Welcomes Aussie Government Stance on Positive Credit Reporting

FinTech Australia has welcomed the announcement about “comprehensive credit reporting” by Treasurer Scott Morrison at the opening day of the Collab/Collide Summit in Melbourne. The Australian Government will mandate a comprehensive credit reporting regime that should help Australian borrowers get a better deal from lenders,… Read More

Following FCA Approval: RateSetter Announces ISA Update

Following the announced it was granted full authorization from the Financial Conduct Authority (FCA), online lending platform RateSetter announced more details about its upcoming Innovation Finance ISA (IFISA). As previously reported, RateSetter, which was launched in 2010, stated it is opening access for everyday investors to… Read More

RateSetter Receives Full Regulatory Authorization From FCA

On Tuesday, peer-to-peer lending platform RateSetter announced it received full regulatory authorization from the Financial Conduct Authority (FCA). While sharing details about the new milestone, Rhydian Lewis, RateSetter CEO and founder, stated: “We are proud to receive full regulatory authorisation from the FCA. We have always aspired to… Read More

RateSetter Celebrates Seventh Anniversary (Video)

On Thursday, peer-to-peer lending platform RateSetter announced it is celebrating its seventh anniversary this weekend. This celebration comes two months after the platform announced its lenders have now delivered more than £2 billion in loans to people and businesses across the UK and in doing so… Read More

CCAF Asia-Pacific Report Shows Dramatic Rise for Alternative Finance in Australia

China is the biggest kid on the block when it comes to the emerging alternative finance market in the Asia Pacific region. In fact, China has the largest alternative finance market in the world driven by a fast growing economy, a highly connected population via… Read More

RateSetter Appoints Dave Bibby As New Regional Property Manager

Online lender RateSetter has appointed Dave Bibby as its new Regional Property Manager. According to P2P Finance News, Bibby will be responsible for developing RateSetter’s property finance business across the North of England. He has over 30 years of experience in the banking sector and has… Read More

RateSetter Withdraws From the UK Peer to Peer Finance Association [u]

On Friday, P2P lending platform RateSetter announced it has withdrawn from the Peer-to-Peer Finance Association (P2PFA). This news comes less than a month after the online lender was hit with a series of significant operational challenges as several large loans have struggled. RateSetter stated; “Following our… Read More

RateSetter Milestone: Investors Fund £2 Billion of Loans & Have Earned More Than £76 Million in Interest

RateSetter recently announced its lenders have now delivered more than £2 billion in loans to people and businesses across the UK and in doing so have earned over £76 million in interest. According to the online lender, 94% of its lenders are individuals looking for… Read More

RateSetter Upheaval: P2P Lender Shoulders Struggling Loans, Backs Away from Wholesale Lending

RateSetter has been hit with a series of significant operational challenges as several large loans have struggled.  The widely reported series of events have culminated in approximately £48 million worth of loans being taken over by the P2P Lender. This amount would have  outstripped the… Read More

RateSetter Update: Decides to Not Go Ahead With George Banco Partnership

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 Grows: Online Lender Partners with George Banco, Acquires Two Motor Finance Businesses

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 Reports: Investors Have Lent More Than £400 Million to Small & Medium Sized UK Businesses

P2P lender RateSetter announced on Thursday its community of investors have lent more than £400 million to small and medium-sized businesses throughout the UK. The online lender revealed on Twitter the exciting milestone news. RateSetter investors have lent more than £400m to businesses across the UK, including… Read More

RateSetter Business Finance Adds Relationship Manager Amanda Sharp

  RateSetter has appointed Amanda Sharp as Regional Relationship Manager for London and the South East. Sharp previously spent 35 years with RBS Group. While at RBS, Sharp spent 20 years in the Business and Commercial division working with SMEs. Sharp has joined RateSetter to… Read More

Half of UK’s Financial Service Staff is Now Under the Women in Finance Charter

An additional 33 companies have registered for the UK’s Women in Finance Charter, the ground-breaking piece of legislature aimed to conquer gender inequality. This announcement arrives on the very first anniversary of the charter, which now includes 122 firms, over half a million people in… Read More

RateSetter Releases Performance Statistic Update

P2P lender RateSetter announced on Friday it has updated its performance statistics. According to the lending platform, a new set of fields on the Performance by year means investors may now view the amount lent by year, which is broken down by lending type. The… Read More