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RateSetter

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, 2016)
£18.5 M
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2010
Size (employees)
226 (est)+2%
Website
ratesetter.com
RateSetter was founded in 2010 and is headquartered in London, GB

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

RateSetter Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$63.5 m

Latest funding size

$16.7 m

Time since last funding

5 months

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 £18.5 m in FY, 2016 which is a 47% increase from the previous period.
GBP

Revenue (FY, 2016)

18.5 m

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

1347%

Gross profit (FY, 2016)

16.7 m

Gross profit margin (FY, 2016), %

91%

Net income (FY, 2016)

(4 m)

EBITDA (FY, 2016)

(5 m)

EBIT (FY, 2016)

(5.1 m)

Cash (31-Mar-2016)

22.3 m
GBPFY, 2015FY, 2016

Revenue

12.6 m18.5 m

Revenue growth, %

1347%

Cost of goods sold

580 k1.7 m

Gross profit

12 m16.7 m
show all
    GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

    Cash

    		260.3 k1.5 m322.5 k2.3 m25.8 m22.3 m

    Accounts Receivable

    		332.3 k482.6 k624.3 k1.6 m793.4 k1.6 m

    Current Assets

    		592.5 k2 m1.6 m7 m29.5 m32 m

    PP&E

    		6.7 k22.5 k59.9 k57.6 k255.8 k1.3 m
    show all
      GBPFY, 2015FY, 2016

      Net Income

      		435.9 k(4 m)

      Cash From Operating Activities

      		3.7 m(2.2 m)

      Cash From Financing Activities

      		20.1 m(116.5 k)

      Net Change in Cash

      		23.5 m(3.5 m)
      show all
        GBPY, 2016

        Revenue/Employee

        		156.6 k

        Financial Leverage

        		1.4 x
        Show all financial metrics

        Market Position of RateSetter

        Competitors

        SoFi
        Financial Services - Private
        Zopa
        Financial Services - Private
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        SocietyOne
        Financial Services - Private
        Compare competitors

        Traffic Overview of RateSetter

        RateSetter Online and Social Media Presence

        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.

        RateSetter Company Life and Culture

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