Founded: 2010
Type: Peer-to-Peer (P2P) Consumer Lending
Peer-to-Peer (P2P) Consumer Lending - geography: United Kingdom
CO. no.: Na.
RateSetter.com is a peer-to-peer lending website enabling lenders to get fair returns while cutting the cost of borrowing. Capital is at risk.
Lenders and borrowers have the opportunity to take back control of their finances by setting their own rates.
Type: Entrepreneur
Description: Peter trained as a lawyer at Ashurst, before leaving to join RBS as a banker. Disillusioned with banking's failure to serve the British public, Peter jumped at the chance to help Rhydian define the principles of a company intent on disrupting the sector. ?Working in finance, I was all too aware of the inefficiencies of the big institutions and so was compelled to make RateSetter a success and to give people a tool that put them back in control of their own money. The success of peer-to-peer feels inevitable. The internet is breaking down all sorts of barriers and now it's given us an opportunity to change the way people interact with their money. The decision to use peer-to-peer finance has become an easy one to make for those who take the time to consider it."
As CCO, Peter leads the commercial team of RateSetter.
Type: Entrepreneur
Description: Having witnessed the continual failure of financial institutions to deliver in the modern age, P2P pioneer Rhydian Lewis knew there must be a better way. By creating RateSetter, he has now actively developed a credible challenge to the establishment.
@ssms_sam Hi Sam, thanks for your messages. That sounds very odd and sorry we haven't fixed the problem for you so… https://t.co/SRa4r4lO7P
@TampS44 Hi Tamps44. As we just noted to @CoogarUK, there was an error with some of the monthly statements yesterd… https://t.co/Ybc3IKAnkD
@CoogarUK Hi Gary, thanks for your message. There was an error with some of the monthly statements yesterday evenin… https://t.co/6QB0uFAqZP
We are delighted to say that we've passed another impressive milestone by returning more than £150 million in inter… https://t.co/sLbO1Iyz1i
@bifkinuk Hi Dave, we made a scheduled update to our website yesterday afternoon which could have led to this error… https://t.co/b1Ob7NcJEl
@TheDudeofMyste1 Hi Dude of Mystery, thanks for your message. It sounds like you've already contacted us, but if yo… https://t.co/UI4pcYbsYE
@LeanneBennett @giffgaff Hi Leanne, thanks for your messages. It sounds like you've already been in touch with our… https://t.co/wdgAt03nSA
@allhailtwit Thank you Allan! We will check this and correct it. Thanks again.
@allhailtwit Hi Alan, thanks for flagging this. On which page of our website did you spot this? We'll make sure it is updated immediately!
@Suzie_Neuwirth chairs the panel 'Debunking the myths of P2P at the #vcteisforum2019. @Octopus_UK @ASMX_Global… https://t.co/Ws6mFzx14U
Retweeted by RateSetter Details
RateSetter operates a provision fund to cushion its lenders (savers). Each person who takes a loan is charged a fee which is paid into the provision fund to cover any late payments or defaults. At present there is more than £16m sitting in the provision fund and RateSetter is rightly proud that of the 26,000 lenders on its platform, nobody has lost a single penny since the day it launched in October 2010.
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