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RateSetter

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Financial Servicesalternative lendingfintechp2pplatform
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.
Revenue(FY, 2020)
£11.6 M

Employee Rating

3.8
TypeSubsidiary
Parent CompanyMetro Bank
HQLondon, GB
Founded2010
Websiteratesetter.com
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

2010

Total Funding

$63.5 m

Investors

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

RateSetter Revenue

Embed Graph
View revenue for all periods
RateSetter's revenue was reported to be £11.64 m in FY, 2020
GBPFY, 2018FY, 2019FY, 2020

Revenue

34.3m33.2m11.6m

Revenue growth, %

(3%)

Cost of goods sold

15.3m14.3m3.3m

Gross profit

19.1m18.9m8.3m
show all
GBPFY, 2018FY, 2019FY, 2020

Cash

8.2m18.9m9.5m

Accounts Receivable

1.9m1.0m456.0k

Prepaid Expenses

441.1k820.3k981.0k

Inventories

205.7k46.4k
show all
GBPFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

820.1k435.7k1.3m

Accounts Payable

(2.4m)740.7k(2.0m)

Cash From Operating Activities

(3.4m)3.8m(4.6m)

Purchases of PP&E

(95.5k)(102.8k)(796.0k)
show all
GBPFY, 2018

Revenue/Employee

152.8k

Debt/Equity

-6.5 x

Debt/Assets

0.7 x

Financial Leverage

-8.8 x
Show all financial metrics

RateSetter Operating Metrics

FY, 2018FY, 2019FY, 2020

Active Investors

44.44 k55.8 k

Loans Originated

£771 m£734 m

New Products

3

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

Embed Graph

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

Human Capital Metrics

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RateSetter Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

Learn more about our premium products
SecurityScorecard logo

RateSetter Online and Social Media Presence

RateSetter's Trends

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RateSetter News and Updates

December 17, 2020

RateSetter sells property finance portfolio to Shawbrook Bank

RateSetter today announces that its £120m property development finance portfolio has been sold to Shawbrook Bank.
August 03, 2020

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.
April 03, 2020

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…
May 30, 2017

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.
May 30, 2017

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…
May 15, 2017

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.