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)
London, GB
Size (employees)
213 (est)-1%
RateSetter was founded in 2010 and is headquartered in London, GB

Key People at RateSetter

Rhydian Lewis

Rhydian Lewis

Harry Russell

Harry Russell

John Gillespie

John Gillespie

Peter Behrens

Peter Behrens

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


Total Funding

$63.5 m

Latest funding size

$16.7 m

Time since last funding

3 months


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.

Revenue (FY, 2016)

1.3 m

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


Gross profit (FY, 2016)

477.2 k

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(4 m)

Cash (31-Mar-2016)

22.3 m
GBPFY, 2015FY, 2016


91 k1.3 m

Revenue growth, %


Cost of goods sold

110 k840.1 k

Gross profit

(19 k)477.2 k

Gross profit Margin, %


Pre tax profit

475.7 k(4.9 m)

Net Income

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


2.3 m25.8 m22.3 m

Accounts Receivable

1.6 m793.4 k1.6 m

Current Assets

7 m29.5 m32 m


57.6 k255.8 k1.3 m


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

Total Liabilities

520.7 k1.6 m9.3 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


11.2 k

Financial Leverage

1.4 x

Traffic Overview of RateSetter

RateSetter Online and Social Media Presence

RateSetter News and Updates

RateSetter poaches new man for risk team from PayPal after chief risk officer's departure

LONDON — Peer-to-peer lending platform RateSetter has appointed a new head of risk analytics and retail credit, just weeks after the surprise departure of the platform's chief risk officer. Michael Hoare is joining RateSetter from PayPal UK where he was chief credit risk off…

RateSetter Company Life and Culture

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