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 was launched in September 2010 and is available to customers throughout the United Kingdom. Savers can invest as little as £100 and borrowers can get loans of up to £20,000. 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)
192 (est)-4%
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 Metrics

Summary Metrics

Founding Date

2010

Total Funding

$46.8 m

Latest funding size

$29.7 m

Time since last funding

about 2 years
RateSetter's latest funding round in March 2015 was reported to be $29.7 m. In total, RateSetter has raised $46.8 m

RateSetter Financial Metrics

Revenue (2016)

£1.3 m

Revenue growth (2015-16), %

1347%

Gross profit

£477.2 k

Gross profit margin (2016), %

36%
RateSetter's revenue was reported to be £1.3 m in FY, 2016 which is a 1346.9% increase from the previous period.
FY, 2015FY, 2016

Revenue

£91 k£1.3 m

Revenue growth, %

1347%

Cost of goods sold

£110 k£840.1 k

Gross profit

(£19 k)£477.2 k

Gross profit Margin, %

(21%)36%

Operating expense total

RateSetter Online Presence

RateSetter News

RateSetter Company Life

You may also be interested in