Founded in 2010, RateSetter is the UK’s leading peer-to-peer lending marketplace. We offer investors direct access to the risk and returns from lending to creditworthy individuals and businesses. To date, every individual RateSetter investor has received every penny of capital and interest they expected, without losing a penny – but remember that as with any investment, capital is at risk.
RateSetter is a free market in which the savers and borrowers set the interest rates. This rate-setting mechanic is unique. In 2013, RateSetter grew at 219% compared to sector growth of 107%, making it the fastest growing major peer-to-peer company in the UK. In March 2014 it became the largest peer-to-peer platform in the UK by new loans originated. The company pioneered a number of firsts in the P2P industry, most notably the concept of a Provision Fund. RateSetter also believes in the importance of Customer Service, something for which it has won a number of awards.