Tagged: rhydian lewis

RateSetter Announces “Easy Access”. Removes All Exit Fees Providing Greater Liquidity to Investor Funds

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

RateSetter Tops £1 Billion. Claims Record Pace for UK Marketplace Lending

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

RateSetter Expands Relationship with British Business Bank with SME Loans

RateSetter has been working with the British Business Bank since July of 2014. Since that time RateSetter has facilitated approximately 1000 loans to sole traders and partnerships. Now, according to a report from RateSetter, the relationship will expand into SME lending. Rhydian Lewis, CEO of… Read More

FCA Will Soon Require Banks to Allow Savers Quicker Switching. RateSetter Tells Consumers it is Time to Switch

  The Financial Conduct Authority (FCA) in its ongoing quest to promote competition within the financial services sector, has announced upcoming rules designed to improve the plight of consumers who save money in banks.  From December 2016, financial firms will be required to provide specific… Read More

Quotes From #LenditEurope: About China’s 2,000 Lending Platforms & More

Part II: Seen & Heard at Lendit Europe If you missed attending Lendit Europe, you missed a great event. You can catch up on a selection of presentations on Lendit . For short skimming, we’ve selected a few thought-provoking quotes from day 2. You may also… Read More

P2P Lender RateSetter Celebrates 5 Years & £800 Million in Loans

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

RateSetter Declares Profit. Next Step, Take on Mainstream Finance

RateSetter has turned a profit for the second year in a row. The peer to peer lending platform states it is the “only major player in the sector to be profitable”.  According to the company, 2014-2015 results show a profit of £618,000.  Revenues more than… Read More

Leaders of Innovative Finance Respond to UK Budget Policy, Embrace ISA Approach

  The Chancellor of the Exchequer’s summer budget was said to put economic security first and was a plan for “working people”. But incorporated in the policy statement was also aspects that should benefit disruptive financial firms on both the debt and equity side of… Read More

FSCS Deposit Limit to be Lowered. RateSetter Believes their Provision Fund is Better

The new FSCS deposit limit will kick in on January 1st, 2016.  The limit for individuals is being lowered from £85,000 to £75,000 to be in line with the European Union Deposit Guarantee Scheme which is designed to “harmonize” the limit across Europe to €100,000.  The… Read More

No ‘Cherry-picking,’ Says The UK’s Peer-to-Peer Finance Association

2015 may be the year of the great British cherry, according to the UK’s Department for Environment, Food and Rural Affairs, but the trade body overseeing the UK peer-to-peer lending industry is getting ready to introduce a rule against allowing institutions to “cherry-pick” the most desirable loans at the expense… Read More

RateSetter Boosts Management Team with Two New Hires

As the RateSetter peer to peer lending platform grows, so must the team that manages their dramatic growth. RateSetter, UK’s largest P2P lending platform (according to monthly volume) has announced two new hires: John Battersby will take the position of Head of Communications which also… Read More

RateSetter Hires New Head of Lending Operations. Sets Site on Institutional Money

RateSetter claims the title of UK’s largest peer to peer lender by monthly volumes.  The platform has lent over £173 million in 2015 alone.  The direct lender is looking to boost those numbers by targeting institutional funds and they have hired Colin Hodges to lead… Read More

Ratesetter to Provide P2P Solutions to Creative Industry Finance

P2P lender Ratesetter has targeted the art sector by partnering with the Creative Industry Finance to fund artistic and cultural enterprises. Explaining that the UK creative sector is worth £71 billion per year to the economy, Ratesetter will now offer P2P finance solutions to the businesses… Read More

P2P Lender RateSetter Offers Self Invested Personal Pension Option

Peer to peer lender RateSetter is now offering a Self Invested Personal Pension Option (SIPP) in collaboration with London & Colonial and European Pensions Management allowing savers to invest in P2P assets for retirement. “We are delighted that RateSetter is now available via SIPPs. SIPPs were… Read More

RateSetter CEO Rhydian Lewis Celebrates Nearly £122M in Q1 Loans & Reflects on “Watershed” Regulation

Regulation has provided the injection the Peer-to-Peer (P2P) industry needed to take off, according to RateSetter CEO, Rhydian Lewis. As the P2P platform celebrates almost £122 million in loans during Q1 and a year as “number one,” RateSetter cites regulation as a crucial turning point for… Read More

RateSetter Secures £20 Million Investment from Ken Costa, Woodford Investment Management & Artemis

The investment in the peer-to-peer lender RateSetter, from veteran investment banker, Ken Costa, Woodford Investment Management and Artemis, places confidence in the nascent UK P2P and crowdfunding industry. Costa also led a £25m investment in the online-only challenger bank, Atom Bank, late last year. The £20… Read More

Chancellor George Osborne Calls UK the “Comeback Country” as He Touts FinTech, Innovation & More

At the annual presentation of the budget to the House of Commons, Chancellor of the Exchequer George Osborne checked off a wide ranging list of successes as the UK economy has segregated itself from much of the rest of Europe.  The contrast between the years of… Read More

RateSetter Hires Former FCA Manager / OneSavings Bank Executive as Head of Compliance

Leading peer to peer lending platform RateSetter, has hired Simon Pearse as head of compliance.  Described as an “industry heavyweight”, Pearse previously spent 8 years as a senior manager at the FSA/ FCA and also led the development of the regulatory risk framework at OneSavings… Read More

UK Peer to Peer Lending Index Launched by AltFi

AltFi Data has launched the first Index to track the returns available from the UK peer to peer and marketplace lending industry. The Liberum AltFi Returns Index (LARI) is described as accurately tracking peer to peer lending returns using complete loan-by-loan cash flows provided by the major platforms. Currently, the Index… Read More

RateSetter Tops Half A Billion in Loans. January Sees Record Amount of P2P Lending

RateSetter, a UK based peer-to-peer (P2P) lending platform has announced it has surpassed half a billion lent since the site launch in 2010. RateSetter has also shared that the Company processed over £43 million in January and states this is the most ever lent by any P2P platform… Read More

Send this to a friend