RateSetter
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RateSetter

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    • Financial Servicesfintechlendingp2ppayments

    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.

    Revenue(FY, 2017)
    £23.7 M
    Total Funding
    $63.5 M
    Type
    Private
    HQ
    London, GB
    Founded
    2010
    Size (employees)
    275 (est)+8%
    Website
    ratesetter.com
    RateSetter was founded in 2010 and is headquartered in London, GB
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    Key People/Management 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
    Show all (1)
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    RateSetter Financials and Metrics

    Summary Metrics

    Founding Date

    		2010

    Total Funding

    		$63.5 m

    Latest funding size

    		$16.69 m

    Time since last funding

    		a year ago

    Investors

    		Woodford Investment Management, Artemis
    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
    GBP

    Revenue (FY, 2017)

    		23.7 m

    Gross profit (FY, 2017)

    		20.8 m

    Gross profit margin (FY, 2017), %

    		87.8%

    Net income (FY, 2017)

    		(23.2 m)

    EBITDA (FY, 2017)

    		(8.5 m)

    EBIT (FY, 2017)

    		(9.2 m)

    Cash (31-Mar-2017)

    		18.3 m
    GBPFY, 2015FY, 2016FY, 2017

    Revenue

    		12.6 m17.2 m23.7 m

    Revenue growth, %

    		1347%

    Cost of goods sold

    		580 k1.7 m2.9 m

    Gross profit

    		12 m15.5 m20.8 m
    show all
    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)
    show all
    GBPY, 2017

    Revenue/Employee

    		134.5 k

    Financial Leverage

    		4 x
    Show all financial metrics
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    Competitors

    SoFi
    Financial Services - Private
    Moula
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    Ebury
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    Earnest
    Financial Services - Subsidiary
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    RateSetter News and Updates

    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.
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