Founded in 2010, RateSetter is the UK’s most popular peer-to-peer lending platform – more than 700,000 customers have used RateSetter to invest and to borrow. RateSetter offers investors direct access to the risk and return from a portfolio of loans to creditworthy individuals and businesses.
RateSetter has pioneered a number of firsts in the P2P industry, most notably the concept of a Provision Fund which acts as a buffer against losses and has the effect of diversifying every investor’s exposure across the whole loan portfolio. The Provision Fund has ensured that every individual RateSetter investor has received every penny of capital and interest they expected without losing a penny. It also makes it easy for investors to come and go from the platform, with access to money within one day on average.
RateSetter is the first peer-to-peer lending business to be awarded the prestigious Queen’s Award for Enterprise, specifically in recognition of its innovation in financial services.