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.
@knoxville_7 Hi, yes you can submit 2 requests: the 1st for a partial ISA transfer as soon as possible of the curre… https://t.co/ydro8GpCiL
Ever wondered whether you should get a credit card or personal loan? Here we look at both options and explain the d… https://t.co/Q7c1WXHrjX
@mcconmara Hi James, thank you for your question, we require loan applicants to have been a UK resident for a minim… https://t.co/nxJAVEeBSi
@solent_tesla Hi Richard, thanks for your message. I just tried the phone line and it was working, so you may wish… https://t.co/uty9qQu0Q8
@knoxville_7 @MetroBank_Help @itvMLshow @MartinSLewis @MarcusRashford @JourneyMillion @RPeerduck @PlentiAU… https://t.co/yAM29TahyW
@No1DanksLegend Hi James, thank you for your message. After your money is returned to your Holding account in early… https://t.co/YA8cEfTWPr
@KatePinkSmith Hi Kate, please give us a call on 020 3142 6226, we're open from 8am to 6pm every weekday.
@NikosVrk Hi there, thank you for your question. We are not currently working on an app, but whatever device custom… https://t.co/wkoq3NGLhw
@CoogarUK @Metro_Bank Hi Gary, the RateSetter ISA is a flexible ISA, so if you withdraw funds you added to your ISA… https://t.co/PatFRVrbvc
Looking to combine your existing borrowing? Find out more about how a debt consolidation loan could help you:… https://t.co/hV8O7I8ZVD
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.
Company (click) | Event | Date | Location |
---|---|---|---|
![]() |
AltFi Europe Summit 2014 | 11 Mar, 2014 | London, United Kingdom |
![]() |
LendIt Europe 2014 | 17 Nov, 2014 | London, United Kingdom |
![]() |
ALTFI EUROPE SUMMIT 2015 | 23 Feb, 2015 | London, United Kingdom |
![]() |
LendIt Europe | 20 Oct, 2015 | London, United Kingdom |