Tagged: ratesetter

UK: New Peer to Peer Lending Rules Kick in on December 9th: “A Watershed Moment for P2P”

New peer to peer lending rules come into effect on Monday, December 9th. The new rules were the result of a review by the UK Financial Conduct Authority (FCA). The UK largely created the entire sector of peer to peer lending. One of the most… Read More

Peer to Peer Lender RateSetter Adds Martyn Scrivens as Board member

Peer to peer lender RateSetter has announced the appointment of Martyn Scrivens as Non-Executive Director and Chair of the Board Risk Committee.  Scrivens officially joins the Board on 1 November 2019. Scrivens commented on his selection: “RateSetter stands out with its unique model, strong reputation… Read More

P2P Lender RateSetter Reports “Significant Reduction in Losses,” Profitability Nears

Peer to peer lender RateSetter has reported that for the year March 2019 losses have dropped from £27.5 million in the previous year to £4.2 million. The company claims it has taken a “big step towards profitability. Topline revenue was reported at £33 million with… Read More

RateSetter Announces New Investment Products & Increases Liquidity

UK-based peer-to-peer lender RateSetter announced on Tuesday the launch of its new investment products. The lending platform reported that its goal is to deliver the most consistent returns and the most liquid investment in peer-to-peer investing. RateSetter noted that its delivery of consistent returns is… Read More

RateSetter ISA Milestone: Passes £250 Million in Subscriptions

UK-based peer-to-peer lender RateSetter announced on Thursday its ISA has now passed the milestone of attracting £250 million in subscriptions. RateSetter reported that in under 18 months since its launch in February 2018, the RateSetter ISA has attracted more than £250 million in subscriptions, which… Read More

Peer to Peer Lender RateSetter Receives Queen’s Award for Enterprise

Peer-to-peer investment platform RateSetter has been recognized with a prestigious Queen’s Award for Enterprise for excellence in innovation. Established in 1965, the Queen’s Award for Enterprise is the most prestigious business award in the UK. The Award recognizes the success of innovative businesses which are… Read More

RateSetter ISA Milestone: Passes £200 Million in Subscriptions

UK-based peer-to-peer lender RateSetter recently announced its ISA has now passed the milestone of attracting £200 million in subscriptions. RateSetter claimed that the ISA is considered to be the most popular Innovative Finance ISA in the market. The online lending platform also revealed that one… Read More

RateSetter Reported ISA Exceeded Expectation in First Year By Attracting £175 Million of Subscriptions

UK-based peer-to-peer lender RateSetter recently announced its ISA has exceeded expectations in its first year, having attracted £175 million of subscriptions, and currently accounts for one-fifth of the platform’s £830 million funds under management. RateSetter unveiled its ISA in February 2018. It allows investments in peer-to-peer loans to… Read More

RateSetter Expands Property Development Finance Team in South West England; Appoints Ian Granger as New Business Development Manager

UK based peer-to-peer lender RateSetter announced on Friday it is expanding its Property Development Finance Team in South West England with the appointment of Ian Granger as its new Business Development Manager. Granger will reportedly oversee client management and business development in Somerset, Devon, and Cornwall as… Read More

P2P Lender RateSetter Tops 75,000 Investors

Last week RateSetter reported over £3 billion in online lending. Today, RateSetter says more than 75,000 people have invested on the P2P Platform. RateSette reports that investors have earned returns of £120 million with an average interest rate of 4.4% per year since RateSetter launched in 2010. Mario… Read More

RateSetter Milestone: Online Lender Surpasses £3 Billion in Lending

UK based peer-to-peer lender RateSetter announced on Tuesday it has surpassed £3 billion in online lending. RateSetter reported that the milestone follows a successful year, with the lender originating more than £700 million of new lending and active loans under management grew to £820 million…. Read More

RateSetter Announces 2017-18 Revenue Growth of 47%

UK based peer-to-peer lender RateSetter announced last week the results of its 2017-2018 financial year, which ended on March 31, 2018. The lending platform reported that revenues were up by 47% (which was £34.3 million) from the previous year (£23.4 million). The company noted that the… Read More

P2P Lender RateSetter Has Now Topped £2.5 Billion in Loan Originations.

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

RateSetter Milestone: £100 Million in Investor Returns

UK Peer-to-peer lending platform RateSetter has topped the milestone of returning £100 million in pre-tax interest payments to its investors. RateSetter reports accomplishing this without any individual investor losing a penny. Launched in October 2010, RateSetter now claims over 500,000 customers. From the investing side, more than… Read More

Australian Fintech Update: Lender RateSetter Syncs with Aggregators Finsure & LoanKit

P2P lender RateSetter has partnered with aggregators Finsure and LoanKit. Under the partnership, more than 1,400 brokers accredited with Finsure and LoanKit will be able to offer their clients RateSetter’s personal loan and green loan products, reported Australian Broker. The partnerships aims to help accredited brokers improve… Read More

RateSetter Innovative Finance ISA is Finally Here

Peer-to-peer lending platform RateSetter has shared that is Innovative Finance ISA (IFISA) will launch tomorrow (February 8th). RateSetter said the IFISA will initially be available to existing customers, then to new customers on 1 March and to inward transfers from other ISAs in April. The creation of… Read More

RateSetter to Focus Solely on Asset Backed Lending for Commercial Loans

Peer to peer lender RateSetter said its commercial lending vertical will focus solely on secured lending in its commercial finance vertical. Following a review of its commercial finance operations, RateSetter said it would move to “simplify” its commercial finance by funding only property backed or… Read More

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

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