RateSetter

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.

Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2010
Size (employees)
202 (est)+3%
RateSetter was founded in 2010 and is headquartered in London, GB

Key People at RateSetter

Rhydian Lewis

Rhydian Lewis

CEO
Harry Russell

Harry Russell

CFO
John Gillespie

John Gillespie

CTO
Peter Behrens

Peter Behrens

COO
Lucy Bott

Lucy Bott

Head of Customer Services

RateSetter Office Locations

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

RateSetter Data and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$63.5 m

Latest funding size

$16.7 m

Time since last funding

27 days

Investors

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

RateSetter Financial Metrics

RateSetter's revenue was reported to be £1.3 m in FY, 2016 which is a 1347% increase from the previous period.
£, GBP

Revenue (FY, 2016)

1.3 m

Revenue growth (FY, 2015 - FY, 2016), %

1347%

Gross profit (FY, 2016)

477.2 k

Gross profit margin (FY, 2016), %

36%

Net income (FY, 2016)

(4 m)

Cash (31-Mar-2016)

22.3 m
£, GBPFY, 2015FY, 2016

Revenue

91 k1.3 m

Revenue growth, %

1347%

Cost of goods sold

110 k840.1 k

Gross profit

(19 k)477.2 k

Gross profit Margin, %

(21%)36%

Pre tax profit

475.7 k(4.9 m)

Net Income

435.9 k(4 m)
£, GBPFY, 2014FY, 2015FY, 2016

Cash

2.3 m25.8 m22.3 m

Accounts Receivable

1.6 m793.4 k1.6 m

Current Assets

7 m29.5 m32 m

PP&E

57.6 k255.8 k1.3 m

Goodwill

1.6 k1.6 k32.8 k

Total Assets

7.1 m29.7 m33.4 m

Accounts Payable

520.7 k1.3 m1.1 m

Current Liabilities

520.7 k1.6 m9.2 m

Retained Earnings

435.9 k(4 m)

Total Equity

6.6 m28.1 m24.1 m

Financial Leverage

1.1 x1.1 x1.4 x
£, GBPFY, 2015FY, 2016

Cash From Operating Activities

3.7 m(2.2 m)

Cash From Financing Activities

20.1 m(116.5 k)

Income Taxes Paid

(39.8 k)868.1 k
£, GBPY, 2016

Revenue/Employee

11.2 k

Financial Leverage

1.4 x

RateSetter Online and Social Media Presence

RateSetter News and Updates

RateSetter Company Life and Culture

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