Tagged: ratesetter

March 8, 2017 @ 1:25 pm By JD Alois  |  

Chancellor of the Exchequer Philip Hammond delivered the final Spring budget today. Many policy questions persist as the UK separates itself from the European Union: Will the UK be able to maintain its leading economic status in Europe? Will the UK hold onto its dominance… Read More

February 24, 2017 @ 8:49 am By Samantha Hurst  |  

Online lender RateSetter has formed a partnership with accountancy advisor TaxAssist Accountants to help engage with small and medium-sized enterprises (SMEs). TaxAssist Accountant notably specializes in all businesses with a turnover of £2 million of less. It has more than 290 locations throughout the UK. While discussing the… Read More

February 21, 2017 @ 12:05 pm By JD Alois  |  

Online lender RateSetter has said it has now collected £1 billion in capital repayments from borrowers since its first loan back in 2010. Overall, RateSetter has originated approximately £1.75 billion in loans while paying out £63 million in interest.  The average interest rate ranged between… Read More

February 4, 2017 @ 9:22 am By Samantha Hurst  |  

RateSetter, a leading UK peer-to-peer lending platform, announced this week it is updating its lender terms. This news comes just a few months after the company announced it was adding more flexibility into the Provision Fund. The RateSetter team announced: “We believe that a more flexible… Read More

January 3, 2017 @ 12:05 pm By Erin Hobey  |  

The following table from P2P-Banking.com shows loan originations in P2P lending marketplaces during December 2016, with Funding Circle (114.1M) significantly leading Ratesetter (68.2M euro), Zopa (60.2 M euro) and LendInvest (24.9M euro). Lendix reports an all time record month at 7.7 million euros in loan origination…. Read More

December 21, 2016 @ 6:41 am By JD Alois  |  

  RateSetter, a leading UK peer to peer lending platform, has completed the sale of £2.1 million of non-performing debt. RateSetter sold the assets t 1st Credit, a debt purchaser.  Exact terms of the transaction were not revealed but RateSetter said it was the first… Read More

December 19, 2016 @ 7:25 am By Samantha Hurst  |  

On Monday, RateSetter announced it appointed Michael Hoare as its new Head of Risk Analytics and Retail Credit. Hoare notably joins from PayPal UK, where he was Chief Credit Risk Officer. Prior to PayPal UK, Hoare also worked at Capital One, where he held various positions… Read More

September 22, 2016 @ 3:36 pm By Samantha Hurst  |  

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

September 19, 2016 @ 9:59 am By JD Alois  |  

RateSetter has released its accounts for 2015 – 2016.  According to their financial results, top line revenue increased 46% to £18.5 million from £12.6 million versus prior period. The increase in revenue was paired with a pre-tax loss of £4.9 million compared to a pre-tax… Read More

September 16, 2016 @ 9:44 am By Samantha Hurst  |  

Earlier this week, RateSetter announced it has surpassed 100 million in car financing. and is considered the first peer-to-peer lending platform to lend the amount through motor partnerships. Sharing details about the new milestone, head of RateSetter Motor Finance, Nick Elkan, reportedly stated: “These are exciting… Read More

August 29, 2016 @ 8:34 am By JD Alois  |  

  Purplebricks Group (AIM: PURP), a UK-based hybrid estate agent providing a new way to buy, sell or let property, has launched its business in Australia, 28th August 2016, with an initial regional focus on Melbourne and Brisbane before rolling out nationally. CEO Michael Bruce… Read More

August 4, 2016 @ 8:15 am By JD Alois  |  

  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

July 8, 2016 @ 11:52 am By JD Alois  |  

As announced earlier today, the Financial Conduct Authority (FCA) has requested feedback from interested parties regarding the regulatory environment for debt and investment-based crowdfunding. The process is part of an anticipated periodic review of this new form of finance. Original rules were enacted in 2014…. Read More

June 2, 2016 @ 7:54 am By JD Alois  |  

RateSetter is reporting it has surpassed £250 million in lending to UK businesses.  The benchmark event comes after a series of recent business developments for the marketplace lender. According to RateSetter, participation by the British Business Bank, updated lending limits and a growing executive bench… Read More

May 5, 2016 @ 9:37 am By JD Alois  |  

RateSetter has appointed Cyrille Sallé de Chou as its new Chief Risk Officer. Chou will be migrating over from Lloyds Banking Group where has been the Credit Risk Director of Mortgages. In that role, he was said to have overseen one of the largest loan… Read More

April 1, 2016 @ 7:34 am By JD Alois  |  

On the eve of the launch of the IF ISA, RateSetter has announced the appointment of two senior executives; Jim Gunner has joined the RateSetter board ad Non-Executive Director and Chair of the Risk Committee and Nigel Wilkinson is now Head of Commercial Credit. Both… Read More

March 22, 2016 @ 8:16 am By JD Alois  |  

Leading equity crowdfunding platform SyndicateRoom and marketplace lender RateSetter have forged an agreement to partner on providing access to capital for small and medium enterprises (SMEs) in the UK. Recognizing the benefits for enabling both debt and equity capital, the two internet finance portals will… Read More

February 18, 2016 @ 9:47 am By Samantha Hurst  |  

Marketplace lender RateSetter announced on Thursday it has named Richard Bastin the new chief technology officer as it prepares for further growth in 2016. Bastin reportedly has 25 years of IT experience in a variety of industries, including financial services, e-commerce and telecoms, from large… Read More

February 16, 2016 @ 8:05 am By JD Alois  |  

RateSetter has announced it has removed all early exit fees from its monthly investment market. This means that investors will have better access to their money without having to pay additional fees associated with an exit. RateSetter also states this new “easy access” will also… Read More

January 22, 2016 @ 3:12 pm By JD Alois  |  

RateSetter, a UK-based marketplace lending platform, has surpassed £1 billion in loans and is staking a claim in setting a record. According to the company, RateSetter accomplished this milestone in 1,933 days. “The company believes it is now the largest online retail money market in… Read More