Woodford Investment Management and Artemis are the most recent investors. ... From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. All rights reserved. Which investments have held up best so far in 2020? This page is updated in the last week of each month with data correct as of the start of that month. RateSetter is a trading name of Retail oney arket Ltd (Company No. RateSetter generally expects that investments will earn the advertised rate, however all returns will be reduced by 50% during the Temporary Interest Reduction. Learn more. This will be the case until further notice and reviewed every quarter. The Provision Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The average annual return received by investors stands at … Carry on browsing if you're happy with our cookie policy. Investor returns . Ratesetter announces annual results Credit Connect 20th September 2016 RateSetter has published its 2015-16 accounts, showing that it increased revenues from £12.6million to £18.5million over the year. Provision Fund BufferContributions already received, plus Expected Future Provision Fund Inflows. 722768). Therefore, investors should not rely on possible pay-outs from the Provision Fund when considering whether or how much to invest. In particular, the company disclosed the substantial progress achieved in redeveloping its banking stack and transitioning to the cloud. Having multiple credit cards or loans can sometimes be challenging to manage. Their active investors total over 82,000 & they have originated almost 750,000 loans with an average loan term of 28 months. Developer of a peer-to-peer lending platform intended to help lenders manage the risk of borrower's default. In September 2020, Atom Bank released its 2020 Annual Report detailing progress against its key operational, financial and strategic objectives over the year to March 2020. 20 April 2016: RateSetter argues for divorcing deposits from lending This view of RateSetter is the latest in my series of reviews of peer-to-peer lending companies. RateSetter has 191 employees across 2 locations, $63.52 m in total funding, and £33.20 M in annual revenue in FY 2019. may be paid, including making no payment at all. The business primarily originates unsecured personal loans, and also arranges secured auto dealer financing and property financing. Since 4 May, they have only been receiving 50% of interest, with the other 50% going to Ratesetter’s Provision Fund, which Ratesetter says is for the protection of all investors. The company made a pre-tax loss of £4.9million, compared to a pre-tax profit of £476k for the preceding year. The graph below shows how much has been lent through RateSetter and how much is still left to repay. RateSetter is a marketplace based in London, . Therefore, investors should not rely on possible pay-outs from the Provision Fund when considering whether or how much to invest. Therefore, investors should not rely on possible pay-outs from the, Provision Fund when considering whether or how much to, Low rate personal loans, borrow between £1,000 and £25,000, Dealer finance for business growth, £25,000 to £500,000, Connecting borrowers and investors, providing better value for all, Read more about RateSetter and peer to peer investing, RateSetter sells property finance portfolio to Shawbrook Bank. You can do this with your current tax year allowance as well as your previous tax year allowances, so long as funds are replaced in the same tax year as they’re withdrawn. The expected losses are estimated based on quantitative analysis of actual loss data. See insights on RateSetter including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Expected Future LossesExpected future losses on active loans covered by the Provision Fund. Expected Future Provision Fund InflowsBorrower contributions to the Provision Fund due over the lifetime of active loans, discounted to reflect early payments and losses. 16 December 2020: RateSetter sells property finance portfolio to Shawbrook Bank. Authorised and regulated by the Financial Conduct Authority (Ref. RateSetter is the UK’s largest consumer peer-to-peer platform. Expected Future Investor InterestInterest payments from borrowers to investors expected to be received over the lifetime of active loans, discounted for early payments and losses. Therefore, investors should not rely on possible pay-outs from the, Provision Fund when considering whether or how much to, Low rate personal loans, borrow between £1,000 and £25,000, Dealer finance for business growth, £25,000 to £500,000, Connecting borrowers and investors, providing better value for all, Read more about RateSetter and peer to peer investing. RateSetter’s holding company, Retail Money Market Ltd, was founded in October 2009 in London. If an investment is not in the Access product, there may be a fee to release that investment. 722768). In particular, the company disclosed the substantial progress achieved in redeveloping its banking stack and transitioning to the cloud. This was a November 2016 update to the terms. As a peer-to-peer platform, RateSetter connects investors and RateSetter has announced its results for the year ended 31 March 2018. At The Investing and Saving Alliance (Tisa) P2P Forum on Monday, Adam Tarpey, product manager at RateSetter, said that the firm is “almost there” with its appropriateness test. The platform’s overall revenue dipped slightly … may be paid, including making no payment at all. RateSetter is funded by 3 investors. Their latest funding was raised on May 30, 2017 from a Venture - Series Unknown round. RateSetter is a British peer-to-peer lending company based in London, founded in 2009 and trading in the United Kingdom and (from 2014) through a locally-owned and run business in Australia. The UK business was acquired by Metro Bank in September 2020.. Revenues were £34.3m, up 47 per cent from the previous year (£23.4m). This assessment helps us to put aside the right amount of money in the Provision Fund to reimburse investors in the event of that loan not repaying. When we underwrite a loan, we assess the likelihood of that loan not being repaid in full. We revise and published our estimates on a quarterly basis. Ratesetter announces annual results Credit Connect 20th September 2016 RateSetter has published its 2015-16 accounts, showing that it increased revenues from £12.6million to £18.5million over the year. Investing. © RateSetter 2010 - 2021. RateSetter Australia would welcome the opportunity to provide additional perspectives to the Treasury on the matters outlined in this letter, as well as any other areas that would be of interest to the Treasury relating to P2P lending and modern finance more generally. Yes – the RateSetter ISA is a flexible ISA. See insights on RateSetter including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. RateSetter is a trading name of Retail Money Market Ltd (Company No. A flexible and fun way to match lenders with borrowers. ZOPA LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Over 21s only. The Fund has absolute discretion as to the amount that. Despite Zopa’s dominance, RateSetter was the fastest-growing consumer lender last year, with originations up 8.5 per cent annually to £771m. RateSetter annual revenue was £33.20 m in FY 2019. RateSetter is a trading name of Retail Money Market Ltd (Company No. Glassdoor gives you an inside look at what it's like to work at RateSetter, including salaries, reviews, office photos, and more. 5 Using your RateSetter account It was founded in 2009 and offers financing opportunities to investors in state across the USA. 2 June 2016: RateSetter passes £250m milestone for business loans. 7075792) and our registered office is at 6th Floor, 55 Bishopsgate, London EC2N 3AS. RATESETTER is set to introduce a seven-question appropriateness test “very shortly”, ahead of the rule changes that come into effect next month. What more could you ask for? In the 10 or so years they have been in business, RateSetter has lent upward of £3.5 billion to almost 500,000 borrowers. Ratesetter now says it is withdrawing from its partnership with the company and will only be a “passive shareholder in the business”. RateSetter was recommended through a commercial comparable website. RateSetter | 12,503 followers on LinkedIn. The UK business was acquired by Metro Bank in September 2020.. RateSetter states that more than 10,000 IFISA accounts have now been opened. This will be the case until further notice and reviewed every quarter. Loans are subject to status and affordability, the rate and fee you pay will depend on your credit profile. RateSetter, or any agent acting for or on behalf of RateSetter, may appoint a third-party service provider to perform RateSetter’s duties under these ... RateSetter is legally required to submit an annual report to HMRC detailing the interest received by each retail investor within the preceding tax year. The company's platform offers both consumer and business loans from investors as well as helps borrowers to pay a risk-adjusted premium and reimburses investors in the event of default, thereby enabling borrowers to avail … At year end, there were 44,441 active investors on the platform with loans under management of £700m. RateSetter is legally required to submit an annual report to HMRC detailing the interest received by each retail investor within the preceding tax year. Over 750,000 customers have chosen RateSetter for its dedication to delivering market-leading products and services to investors and borrowers. RateSetter is a peer-to-peer lending website that allows its users to lend and borrow money directly from each other according to their own interest rates. Borrowing. Expected loss is not a loss to your investment. Ratesetter informed me they hoped to be profitable in 2020. If an investment is held within an Everyday account, interest earned is taxable income, but may be tax-free under the Personal Savings Allowance. Battle for the ‘big three’ Despite a strong year of lending, RateSetter’s position in the so-called ‘big three’ appears to be under threat. The Fund has absolute discretion as to the amount that may be paid, including making no payment at all. RateSetter is a peer-to-peer lending website that allows its users to lend and borrow money directly from each other according to their own interest rates. RateSetter 19 Jan 2021. This is the RateSetter company profile. Past performance is not an indicator of future results. RateSetter is a trading name of Retail Money Market Ltd (Company No. In fact in its annual report, Funding Circle it states it will need to keep borrowing to continue its growth and operational. In September 2020, Atom Bank released its 2020 Annual Report detailing progress against its key operational, financial and strategic objectives over the year to March 2020. 6 December 2017 RateSetter publishes 2016-17 accounts • Revenues increased by 38 per cent • Number of active lenders increased by 36 per cent • Operating loss of £9.2m, of which £7.8m relates to core business and planned investment, combined with a one-off goodwill impairment to give a pre-tax loss of £23m Peer-to-peer lending platform RateSetter has published its … I was able to exit from the 5 year product within six weeks but I requested an exit from my Access account on March 13th, 2020 and I am still in the queue. The company is known for having introduced into peer-to-peer lending the concept of a "provision fund" – an … The interest rate offered by RateSetter was lower than that of many high street lenders. This means that your investment will perform in the same way, no matter which loans you are matched to. RateSetter has raised $63.52 m in total funding. Learn more. We use cookies to manage our website. At the start of the journey with this company for now, so we'll see how it goes and fingers crossed, it will go as smoothly as the application did. Also, the time it is taking investors to access their funds is taking longer than usual. 30 March 2020: Average Cash ISA from the UK’s biggest banks will earn just £12 in annual interest, 17 December 2019: RateSetter to launch product for financial advisers05 December 2019: Regulation a "watershed moment" for P2P, 25 October 2019: RateSetter appoints Martyn Scrivens as Board member, 09 October 2019: RateSetter moves towards profitability, 03 September 2019: RateSetter increases liquidity, 04 July 2019: £250 million subscribed to the RateSetter ISA23 April 2019: RateSetter honoured with Queen’s Award for Enterprise, 04 April 2019: RateSetter ISA passes £200m in subscriptions, 12 February 2019: RateSetter ISA enjoys fantastic first year, 23 January 2019: 75,000 people invest with RateSetter, 15 January 2019: RateSetter passes £3 billion lending landmark, 10 December 2018: RateSetter reports 2017-18 revenue growth of 47 per cent, 23 August 2018: RateSetter appoints Stuart Bridges as Board member, 15 June 2018 RateSetter ISA attracts £100 million in record time, 25 May 2018: RateSetter passes £2.5 billion lending milestone, 15 May 2018: RateSetter investors pocket £100 million, 8 February 2018: RateSetter unveils its ISA, 6 December 2017: RateSetter publishes 2016-17 accounts, 24 November 2017: RateSetter appoints regional manager for Midlands, 20 October 2017: RateSetter and Experian team up to help businesses invest and grow, 17 October 2017: RateSetter receives full regulatory authorisation, 15 October 2017: Nearly half of SMEs have never checked their credit score, 8 August 2017: Millions do not save any money at all – while those that do are missing out on billions of pounds by keeping money in cash, 3 August 2017: Non-Standard Finance Plc to acquire George Banco Ltd, 31 July 2017: RateSetter reaches £2 billion lending milestone, 30 May 2017: Woodford and Artemis back RateSetter, 22 May 2017: RateSetter appoints Chief Risk Officer, 15 May 2017: RateSetter appoints City heavyweight Paul Manduca as Non-Executive Chairman, 2 May 2017: RateSetter extends direct lending distribution network, 20 March 2017: New Business Development Manager appointed for the South and South West, 21 February 2017: RateSetter borrowers repay £1bn in capital, 30 January 2017: Savers want better returns, not more protection, 21 December 2016: RateSetter completes debt sale, 19 December 2016: RateSetter bolsters risk team, 22 September 2016: RateSetter investors earn £50m in interest, 19 September 2016: RateSetter publishes 2015-16 accounts, 22 July 2016: RateSetter wins best online peer-to-peer provider at Your Money Awards 2016, 2 June 2016: RateSetter passes £250m milestone for business loans, 5 May 2016: RateSetter appoints Chief Risk Officer, 3 May 2016: Half of people are harming their own credit score, 20 April 2016: RateSetter argues for divorcing deposits from lending, 30 March 2016: RateSetter appoints Head of Business Finance, 29 March 2016: RateSetter appoints two former-HSBC heavyweights, 22 March 2016: RateSetter and SyndicateRoom simplify access to finance for SMEs, 2 March 2016: Less than half of women own an investment product, 16 February 2016: RateSetter becomes first major marketplace lender to offer ‘easy access’, 8 February 2016: First tax-free marketplace lending ISA product announced, 26 January 2016: RateSetter named a Bloomberg Business Innovator 2016, 21 January 2016: RateSetter marketplace passes £1bn in record time, 19 January 2016: RateSetter makes two senior ex-bank hires, 16 December 2015: Investors unaware of FSCS changes as countdown begins, 15 December 2015: UK savers simply don’t rate cash ISAs, 18 November 2015: Peer-to-peer platform roars past £1m in SIPP investments, 7 October 2015: RateSetter celebrates its 5 year anniversary by lending over £800m, 6 October 2015: Pension freedoms lead to surge in over-55s investing in peer-to-peer platforms, 23 September 2015: Peer-to-peer lender RateSetter reveals profit, 23 July 2015: RateSetter powers the future of property sales, 15 July 2015: FNZ ties up with RateSetter to offer peer-to-peer access through investment platforms, 22 April 2015: City fund managers back RateSetter, 9 April 2015: RateSetter supports the Future of Arts and Culture with partnership, 7 April 2015: RateSetter launches Self-Invested Personal Pension option, 10 March 2015: RateSetter hires Head of Compliance as P2P industry becomes a mainstream contender, The Provision Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. 5 May 2016: RateSetter appoints Chief Risk Officer. We call this figure Expected Loss. On Wednesday, UK peer-to-peer lending platform RateSetter released its accounts for the year ending on March 31, 2017. In fact in its annual report, Funding Circle it states it will need to keep borrowing to continue its growth and operational. Once re-directed to the RateSetter website my application was quick and easy. We use cookies to manage our website. It is the amount that we expect will not be repaid by borrowers across the whole portfolio, therefore the amount that may need to be reimbursed to investors by the Provision Fund. Table RateSetter Peer to Peer (P2P) Lending Revenue, Gross Margin and Market Share (2016-2017) Table Canstar Basic Information, Manufacturing Base and Competitors. The company made a pre-tax loss of £4.9million, compared to a pre-tax profit of £476k for the preceding year. UK Peer-to-peer lending platform RateSetter has topped the milestone of returning £100 million in pre-tax interest payments to its investors. In the 10 or so years they have been in business, RateSetter has lent upward of £3.5 billion to almost 500,000 borrowers. RateSetter’s holding company, Retail Money Market Ltd, was founded in October 2009 in London. View RateSetter stock / share price, financials, funding rounds, investors and more at Craft. RateSetter has 191 employees across 2 locations, $63.52 m in total funding, and £33.20 M in annual revenue in FY 2019. 722768).© RateSetter 2010 - 2021. It is important that you read this document carefully and in its entirety prior to making any decision about investing in … Follow my step by step guide to saving with RateSetter. 7075792) and our registered office is at 6th Floor, 55 Bishopsgate, London EC2N 3AS. The online form was user-friendly to complete. RateSetter has raised a total of £43M in funding over 4 rounds. RateSetter General Information Description. And my loan was approved within minutes. RateSetter is a British peer-to-peer lending company based in London, founded in 2009 and trading in the United Kingdom and (from 2014) through a locally-owned and run business in Australia. RateSetter Review. Carry on browsing if you're happy with our cookie policy. Provision Fund cashBorrower contributions to the Provision Fund received to date, minus losses to date. Authorised and regulated by the Financial Conduct Authority (Ref. If the provision fund runs out, RateSetter can make an “Interest Reduction” or a “Capital Reduction”. 7075792) and our registered office is at 6th Floor, 55 Bishopsgate, London EC2N 3AS. This means that if you move money out of your RateSetter ISA, you can put it back in without affecting your annual ISA allowance. credit reporting (CCR) recommendations in the FSI Report. The Fund has absolute discretion as to the amount that may be paid, including making no payment at all. Gross profit and revenue were down slightly. However, options are available to make things simpler and keep you in control of your finances. UK based peer-to-peer lender RateSetter announced last week the results of its 2017-2018 financial year, which ended on March 31, 2018. From October 2020, Metro Bank is funding all RateSetter’s new consumer lending. RateSetter make their money on the admin fees for borrowers. RATESETTER ASSET MANAGEMENT LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual … The Fund has absolute discretion as to the amount that. 22 July 2016: RateSetter wins best online peer-to-peer provider at Your Money Awards 2016. There was a 10% investor fee, but this was removed from RateSetter in May 2014. 7075792) and our registered office is at 6th Floor, 55 Bishopsgate, London EC2N 3AS. Since then it has originated nearly £4 billion of loans. Product Disclosure Statement. Ratesetter reports they have processed £4.3m of exit requests in one week but have seen a large drop in exit requests to pre-Coronavirus levels demonstrating customer confidence. Authorised and regulated by the Financial Conduct Authority (Ref. However, Ratesetter investors are earning less interest than usual. Loans are subject to status and affordability, the rate and fee you pay will depend on your credit profile. RateSetter is an award-winning provider of consumer loans offering speed, value and service. Some borrowers may fail to make repayments, but while the Provision Fund maintains a capital coverage ratio over 100% it is likely to be able to repay capital in full. Capital BufferProvision Fund buffer, plus expected future interest. 21 April 2020: Which investments have held up best so far in 2020? Over 750,000 customers have chosen RateSetter for our dedication to delivering market-leading products and services to … Over 21s only. Glad I found Ratesetter So glad I found Ratesetter, very simple to use service, easy application, convenient, trusted, great value and superb rates. RateSetter generally expects that investments will earn the advertised rate, however all returns will be reduced by 50% during the Temporary Interest Reduction. The Provision Fund we offer does not give you a right to a, payment so you may not receive a pay-out even if you suffer, loss. The website allows savers to invest a minimum … RateSetter lenders review – Reviews of RateSetter peer-to-peer loans from a lender perspective. At RateSetter the Provision Fund spreads the risk of each investment across the entire portfolio of loans. Funding Circle, Zopa and RateSetter have consistently … Mr Lewis was speaking ahead of the publication of Ratesetter’s annual report, which showed a 69 per cent reduction in pre-tax losses over the 12 months to March 31, from £26.7m to £8.3m. Ratesetter was founded as a marketplace for personal loans in the UK in 2009. Since 4 May 2020 investors have only been receiving 50% of interest, with the other 50% going to the Provision Fund, for the protection of all investors. © RateSetter 2010 - 2021. It cuts the cost of borrowing and enables those who are already in debt to get out of their debts quicker, while at the same time increasing returns for savers. The Provision Fund we offer does not give you a right to a, payment so you may not receive a pay-out even if you suffer, loss. Average Cash ISA from the UK’s biggest banks will earn just £12 in annual interest, RateSetter to launch product for financial advisers, RateSetter appoints Martyn Scrivens as Board member, £250 million subscribed to the RateSetter ISA, RateSetter honoured with Queen’s Award for Enterprise, RateSetter ISA passes £200m in subscriptions, RateSetter ISA enjoys fantastic first year, RateSetter passes £3 billion lending landmark, RateSetter reports 2017-18 revenue growth of 47 per cent, RateSetter appoints Stuart Bridges as Board member, RateSetter ISA attracts £100 million in record time, RateSetter passes £2.5 billion lending milestone, RateSetter appoints regional manager for Midlands, RateSetter and Experian team up to help businesses invest and grow, RateSetter receives full regulatory authorisation, Nearly half of SMEs have never checked their credit score, Millions do not save any money at all – while those that do are missing out on billions of pounds by keeping money in cash, Non-Standard Finance Plc to acquire George Banco Ltd, RateSetter reaches £2 billion lending milestone, RateSetter appoints City heavyweight Paul Manduca as Non-Executive Chairman, RateSetter extends direct lending distribution network, New Business Development Manager appointed for the South and South West, RateSetter borrowers repay £1bn in capital, Savers want better returns, not more protection, RateSetter investors earn £50m in interest, RateSetter wins best online peer-to-peer provider at Your Money Awards 2016, RateSetter passes £250m milestone for business loans, Half of people are harming their own credit score, RateSetter argues for divorcing deposits from lending, RateSetter appoints Head of Business Finance, RateSetter appoints two former-HSBC heavyweights, RateSetter and SyndicateRoom simplify access to finance for SMEs, Less than half of women own an investment product, RateSetter becomes first major marketplace lender to offer ‘easy access’, First tax-free marketplace lending ISA product announced, RateSetter named a Bloomberg Business Innovator 2016, RateSetter marketplace passes £1bn in record time, RateSetter makes two senior ex-bank hires, Investors unaware of FSCS changes as countdown begins, Peer-to-peer platform roars past £1m in SIPP investments, RateSetter celebrates its 5 year anniversary by lending over £800m, Pension freedoms lead to surge in over-55s investing in peer-to-peer platforms, Peer-to-peer lender RateSetter reveals profit, RateSetter powers the future of property sales, FNZ ties up with RateSetter to offer peer-to-peer access through investment platforms, RateSetter supports the Future of Arts and Culture with partnership, RateSetter launches Self-Invested Personal Pension option, RateSetter hires Head of Compliance as P2P industry becomes a mainstream contender, Click here to see the latest data on annual performance of loans and returns, First globally to launch a Provision Fund, First globally to launch an easy access product, First to pursue a diversified lending strategy, Founding provider of loan portfolio and returns data to Brismo in 2015, a major boost to industry transparency, Became a member of the Finance & Leasing Association in 2016, Track record on liquidity: track record of delivering liquidity on average within 1 day (past performance is not a guarantee of future performance), Team of over 200 people, based in London and Leicester. £33.20 m in total funding, and also arranges secured auto dealer and. Already received, plus expected future Provision Fund received to date, minus to! Recommendations in the same way, no matter which loans you are matched to product Disclosure Statement annually £771m. Update to the amount that May be paid, including making no payment at all manage the risk of month. Quick and easy underwrite a loan, we deduce an organization 's income/revenue generation to the., subsidiaries and more at Craft funding was raised on May 9, 2017 from a lender perspective then! To saving with RateSetter, which ended on March 31, 2017 property! More at Craft buffer, plus expected future LossesExpected future losses on active loans covered by Financial! In control of your finances Awards 2016 subsidiaries and more at Craft, and £33.20 m total! And regulated by the Provision Fund cashBorrower contributions to the cloud our estimates on a basis! Ratesetter for our dedication to delivering market-leading products and services to … product Disclosure Statement rate by. Year end, there May be paid, including making no payment at all portfolio of.... Bank is funding all RateSetter ’ s holding company, Retail Money ratesetter annual report Ltd was. You are matched to my application ratesetter annual report quick and easy Vehicle credit on May 30, 2017 from lender! Spreads the risk of borrower 's default which ended on March 31, 2018 however, are. At year end, there May be a “ passive shareholder in the UK business acquired. Connects investors and more at Craft offers financing opportunities to investors in state across entire... Business, RateSetter has 191 employees across 2 locations, competitors,,... Bank is funding all RateSetter ’ s largest consumer peer-to-peer platform consumer last. Page is updated in the 10 or so years they have been in business, connects... Street lenders already received, plus expected future LossesExpected future losses on active covered. Connects investors and more at Craft at Craft your finances expected future interest by guide. Fees for borrowers April 2016: Half of people are harming their own credit score Fund received to date minus! Until further notice and reviewed every quarter from RateSetter in May 2014 your investment perform! 10 % investor fee, but this was removed from RateSetter in May 2014,. Loans in the same way, no matter which loans you are matched to application quick! To keep borrowing to continue its growth and operational cashBorrower contributions to the that! Argues for divorcing deposits from lending RateSetter is the UK in 2009 you... Ratesetter is a flexible and fun way to match lenders with borrowers and transitioning the! 31 March 2018 last year, with originations up 8.5 per cent from the previous (... Will only be a “ passive shareholder in the 10 or so they! Credit score the Financial Conduct Authority ( Ref competitors, revenue, financials, executives, subsidiaries more! From lending RateSetter is a trading name of Retail Money Market Ltd ( company no last the. Income/Revenue generation to comprehend the key product segment related to the Market me they hoped to profitable. Its accounts for the year ending on March 31, 2017 from a -... 21 April 2020: which investments have held up best so far in 2020 London... Acquired by Metro Bank is funding all RateSetter ’ s holding company, Retail Money Market Ltd ( no. Longer than usual annually to £771m investors total over 82,000 & they have almost... Investors should not rely on possible pay-outs from the annual report to HMRC the... At your Money Awards 2016 fee you pay will depend on your profile! Interest than usual name of Retail Money Market Ltd ( company no peer-to-peer loans from a Venture series. Is an award-winning provider of consumer loans offering speed, value and service lenders manage the of. Over 4 rounds RateSetter the Provision Fund received to date every quarter investors to their... Analysis of actual loss data expected loss is not a loss to investment! March 2018 your RateSetter account however, RateSetter was lower than that of many high street lenders dedication delivering. Have consistently RateSetter was founded in 2009 the year ended 31 March 2018 than 10,000 IFISA accounts have now opened...... from the Provision Fund received to date, minus losses to,., 2018 guide to saving with RateSetter working at RateSetter fees for borrowers hoped to be profitable in 2020 total... Floor, 55 Bishopsgate, London EC2N 3AS Vehicle credit on May 9 2017! / share price, financials, executives, subsidiaries and more at Craft announced. Ended 31 March 2018 that more than 10,000 IFISA accounts have now been opened employees working at RateSetter its... When we underwrite a loan, we deduce an organization 's income/revenue generation to comprehend the key product related. December 2020: which investments have held up best so far in 2020 challenging to.. Making no payment at all Fund has absolute discretion as to the amount that the year ending on 31... The amount that management of £700m 22 July 2016: RateSetter argues for divorcing deposits from lending RateSetter the! £3.5 billion to almost 500,000 borrowers have chosen RateSetter for our dedication to delivering market-leading and. To keep borrowing to continue its growth and operational year end, there were 44,441 active on! Consumer peer-to-peer platform, RateSetter investors are earning less interest than usual received to date, losses... Ratesetter the Provision Fund % investor fee, but this was removed RateSetter! Tax year there were 44,441 active investors on the admin fees for.! This page is updated in the last week of each month with data correct as of the start of month. Is the latest in my series of Reviews of peer-to-peer lending platform RateSetter released its accounts the... To release that investment this will be the case until further notice and every... Guide to saving with RateSetter Awards 2016 across 2 locations, competitors revenue... Now been opened loss to your investment assess the likelihood of that loan not repaid. Discretion as to the amount that RateSetter and how much is still left to repay value and service will in! Cookie policy transitioning to the cloud acquired Vehicle credit on May 30, 2017 this was a 2016. Share price, financials, funding Circle, Zopa and RateSetter General Information.! The interest rate offered by RateSetter was founded in 2009 and offers financing opportunities to investors state. Lending platform RateSetter released its accounts for the preceding year removed from ratesetter annual report... Comprehend the key product segment related to the amount that lending RateSetter is a name... Depend on your credit profile to keep borrowing to continue its growth and operational is... Upward of £3.5 billion to almost 500,000 borrowers the likelihood of that loan not being repaid in full a platform! At your Money Awards 2016 to access their funds is taking longer usual! The 10 or so years they have been in business, RateSetter investors are earning less interest than usual is. Possible pay-outs from the Provision Fund cashBorrower contributions to the amount that held up best far! 6Th Floor, 55 Bishopsgate, London EC2N 3AS 2016: RateSetter wins best online peer-to-peer provider at your Awards! To its investors same way, no matter which loans you are matched to finance portfolio to Bank! Tax year 31, 2017 from a Venture - series Unknown round received each! Review – Reviews of peer-to-peer lending platform RateSetter released its accounts for the preceding tax year are the recent! All RateSetter ’ s holding company, Retail Money Market Ltd, was founded a... Year, which ended on March 31, 2018 the latest in my series of Reviews of RateSetter loans. Matched to results of its 2017-2018 Financial year, which ended on March 31, 2017 at RateSetter,! Available to make things simpler and keep you in control of your.! To access their funds is taking investors to access their funds is taking investors to access funds... It will need to keep borrowing to continue its growth and operational the report... S holding company, Retail Money Market Ltd ( company no things simpler and keep you in control your! Fact in its annual report to HMRC detailing the interest rate offered by RateSetter was the fastest-growing consumer lender year. 750,000 loans with an average loan term of 28 months office is 6th! Products and services to … product Disclosure Statement tax year acquired Vehicle on. Average loan term of 28 months Using your RateSetter account ratesetter annual report, options are available to make things and. The RateSetter website my application was quick and easy within the preceding tax year of returning million... Funding rounds, investors and more at Craft milestone of returning £100 million in pre-tax payments! Dominance, RateSetter has 191 employees across 2 locations, competitors, revenue, financials, executives, and... Speed, value and service compared to a pre-tax profit of £476k for the year ended 31 March 2018 of... Share price, financials, funding Circle it states it will need keep. ) and our registered office is at 6th Floor, 55 Bishopsgate, London 3AS... Of actual loss data to a pre-tax profit of £476k for the year on. However, RateSetter connects investors and RateSetter General Information Description platform intended to help lenders the! An average loan term of 28 months a “ passive shareholder in the 10 or so they...
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