RateSetter (also known as Retail Money Market) is a company developing a peer-to-peer investment platform. It enables users to get instant online personal loans as well as allows investors to lend money and earn interests.

Employee Rating

Parent CompanyMetro Bank
HQLondon, GB
Cybersecurity ratingAMore
RateSetter was founded in 2010 and is headquartered in London, GB
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Key People/Management at RateSetter

Rhydian Lewis

Rhydian Lewis

Chief Executive Officer, Board Member
Harry Russell

Harry Russell

Chief Finance Officer, Board Member
Peter Behrens

Peter Behrens

Chief Commercial Officer
Michael Hoare

Michael Hoare

Chief Credit Officer
Andreas Papadopoulos

Andreas Papadopoulos

Chief Technology Officer
Martyn Scrivens

Martyn Scrivens

Non-Executive Chairman
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RateSetter Office Locations

RateSetter has offices in London and The Osiers Business Centre
London, GB (HQ)
55 Bishopsgate
The Osiers Business Centre, GB
2, The Osiers Business Park, Laversall Way
Show all (2)

RateSetter Financials and Metrics

Summary Metrics

Founding Date


Total Funding

$63.5 m


In total, RateSetter had raised $63.5 m. RateSetter is a subsidiary of Metro Bank

RateSetter Revenue

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RateSetter's revenue was reported to be £11.64 m in FY, 2020
GBPFY, 2018FY, 2019FY, 2020



Revenue growth, %


Cost of goods sold


Gross profit

GBPFY, 2018FY, 2019FY, 2020



Accounts Receivable


Prepaid Expenses



GBPFY, 2018FY, 2019FY, 2020

Depreciation and Amortization


Accounts Payable


Cash From Operating Activities


Purchases of PP&E

GBPFY, 2018




-6.5 x


0.7 x

Financial Leverage

-8.8 x
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RateSetter Operating Metrics

FY, 2018FY, 2019FY, 2020

Active Investors

44.44 k55.8 k

Loans Originated

£771 m£734 m

New Products


Total Loans

£700 m£854.6 m£831 m

RateSetter Acquisitions / Subsidiaries

Company NameDateDeal Size
Vehicle CreditMay 09, 2017
APNL Limited
DMNB Limited
POQ Media Ltd
RateSetter Asset Management Limited
RateSetter Motor Limited
RateSetter TrusteeServices Limited
Security Trustee Services Limited
Vechicle Stoking Limited
Vehicle Credit Limited
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RateSetter Revenue Breakdown

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RateSetter revenue breakdown by business segment: 10.9% from Non-core Operations, 17.9% from Loan Origination Fees, 67.4% from Loan Management Fees and 3.9% from Other

RateSetter Cybersecurity Score

Cybersecurity ratingPremium dataset



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RateSetter Online and Social Media Presence

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RateSetter News and Updates

RateSetter sells property finance portfolio to Shawbrook Bank

RateSetter today announces that its £120m property development finance portfolio has been sold to Shawbrook Bank.

Metro Bank agrees £12m deal for lender Ratesetter

Metro Bank will snap up peer-to-peer lender Ratesetter after agreeing a £12m sale it hopes will push it into more The post Metro Bank agrees £12m deal for Ratesetter in lending push appeared first on CityAM.

RateSetter is exploring a potential merger or sale

This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. The UK-based peer-to-peer (P2P) lender is reportedly exploring the opti…

UK FinTech firm RateSetter raises £13m, brings valuation to £200m

FinTech firm RateSetter has raised £13m in equity funding from its existing investors, valuing the firm at more than £200m. The post UK FinTech firm RateSetter raises £13m, brings valuation to £200m appeared first on Tech City News.

Peer-to-peer lender Ratesetter just raised £13m from Woodford and Artemis

Peer-to-peer lender RateSetter has raised fresh cash from fund managers which values the firm at more than £200m. The seven-year-old lender has raised £13m from existing investors, including star fund manager Neil Woodford's Woodford Investment Management and Artemis. Read more: Aviva just bac…

MOVES-UK-based RateSetter names Manduca as non-exec chairman

May 15 (Reuters) - UK-based peer-to-peer lender RateSetter named Paul Manduca as its new non-executive chairman, replacing Alan Hughes.

RateSetter Frequently Asked Questions

  • When was RateSetter founded?

    RateSetter was founded in 2010.

  • Who are RateSetter key executives?

    RateSetter's key executives are Rhydian Lewis, Harry Russell and Peter Behrens.

  • How many employees does RateSetter have?

    RateSetter has 110 employees.

  • What is RateSetter revenue?

    Latest RateSetter annual revenue is £11.6 m.

  • What is RateSetter revenue per employee?

    Latest RateSetter revenue per employee is £105.8 k.

  • Who are RateSetter competitors?

    Competitors of RateSetter include Hargreaves Lansdown, Funding Circle and SoFi.

  • Where is RateSetter headquarters?

    RateSetter headquarters is located at 55 Bishopsgate, London.

  • Where are RateSetter offices?

    RateSetter has offices in London and The Osiers Business Centre.

  • How many offices does RateSetter have?

    RateSetter has 2 offices.