RateSetter will cut the cost of borrowing and enable those already in debt to get out of it quicker, while at the same time increasing returns for savers. For borrowers there are no penalties for early repayment of a loan.

RateSetter is available to customers throughout the United Kingdom. RateSetter uses industry-leading fraud prevention and credit checking services, and has created a Provision Fund to further protect savers.

RateSetter is licensed by the Office of Fair Trading, the body responsible for consumer finance in the UK. RateSetter is a member of the Consumer Credit Trade Association and the fraud prevention agency, CIFAS.

London, GB
Size (employees)
244 (est)
RateSetter was founded in 2010 and is headquartered in London, GB
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Key People/Management at RateSetter

Rhydian Lewis

Rhydian Lewis

Harry Russell

Harry Russell

John Gillespie

John Gillespie

Peter Behrens

Peter Behrens

Lucy Bott

Lucy Bott

Head of Customer Services

RateSetter Office Locations

RateSetter has an office in London
London, GB (HQ)
55 Bishopsgate
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RateSetter Financials and Metrics

Summary Metrics

Founding Date


Total Funding

$63.5 m

Latest funding size

$16.69 m

Time since last funding

9 months ago


RateSetter's latest funding round in May 2017 was reported to be $16.7 m. In total, RateSetter has raised $63.5 m

RateSetter Financials

RateSetter's revenue was reported to be £23.70 m in FY, 2017

Revenue (FY, 2017)

23.7 m

Gross profit (FY, 2017)

20.8 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

(23.2 m)

EBITDA (FY, 2017)

(8.5 m)

EBIT (FY, 2017)

(9.2 m)

Cash (3-Feb-2018)

18.3 m
GBPFY, 2015FY, 2016FY, 2017


12.6 m17.2 m23.7 m

Revenue growth, %


Cost of goods sold

580 k1.7 m2.9 m

Gross profit

12 m15.5 m20.8 m
GBPFY, 2015FY, 2016FY, 2017

Net Income

435.9 k(4.4 m)(23.2 m)

Cash From Operating Activities

3.7 m(2.2 m)3.7 m

Cash From Financing Activities

20.1 m(116.5 k)(5.6 m)

Net Change in Cash

23.5 m(3.5 m)(4.1 m)
GBPY, 2017


134.5 k

Financial Leverage

4 x
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