OverviewSuggest Edit
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.
| Type | Private | |
| Founded | 2010 | |
| HQ | London, GB | Map |
| Website | ratesetter.com | |
| Employee Ratings | More |
Latest Updates
| Employees (est.) (Mar 2019) | 223 | |
| Revenue (FY, 2018) | £34.3 M | (+45%) |
Key People/Management at RateSetter
Rhydian Lewis
Harry Russell
John Gillespie
Peter Behrens
Lucy Bott
RateSetter Office Locations
RateSetter Financials and Metrics
Summary Metrics
Founding Date | 2010 |
RateSetter total Funding | $63.5 m |
RateSetter latest funding size | $16.69 m |
Time since last funding | 2 years ago |
RateSetter investors | Woodford Investment Management, Artemis |
RateSetter Revenue
| GBP | |
|---|---|
Revenue (FY, 2018) | 34.3m |
Gross profit (FY, 2018) | 19.1m |
Gross profit margin (FY, 2018), % | 55.6% |
Net income (FY, 2018) | (27.9m) |
EBIT (FY, 2018) | (13.9m) |
Cash (31-Mar-2018) | 16.5m |
| GBP | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|
Revenue | 12.6m | 17.2m | 23.7m | 34.3m |
Revenue growth, % | 1347% | |||
Cost of goods sold | 580.0k | 1.7m | 2.9m | 15.3m |
Gross profit | 12.0m | 15.5m | 20.8m | 19.1m |
| GBP | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|---|---|---|
Cash | 260.3k | 1.5m | 322.5k | 2.3m | 25.8m | 22.3m | 18.3m | 16.5m |
Accounts Receivable | 332.3k | 482.6k | 624.3k | 1.6m | 793.4k | 1.6m | 1.5m | 3.3m |
Inventories | 205.7k | |||||||
Current Assets | 592.5k | 2.0m | 1.6m | 7.0m | 29.5m | 30.0m | 20.6m | 22.0m |
| GBP | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|
Net Income | 435.9k | (4.4m) | (23.2m) | (27.9m) |
Cash From Operating Activities | 3.7m | (2.2m) | (635.2k) | (3.4m) |
Cash From Financing Activities | 20.1m | (116.5k) | (5.6m) | 3.6m |
Net Change in Cash | 23.5m | (3.5m) | (8.5m) | 1.3m |
| GBP | Y, 2018 |
|---|---|
Revenue/Employee | 153.3k |
Financial Leverage | -8.8 x |
RateSetter Online and Social Media Presence
20.1k Twitter followers
RateSetter has 20.1k Twitter Followers. The number of followers has increased 0.1% month over month and decreased 0.4% quarter over quarter
Twitter Engagement Stats for @RateSetter
7.2k
Tweets
2.5k
Following
20.1k
Followers
6
Tweets last 30 days
1.5
Avg. likes per Tweet
66.7%
Tweets with engagement
RateSetter News and Updates
UK FinTech firm RateSetter raises £13m, brings valuation to £200m
Peer-to-peer lender Ratesetter just raised £13m from Woodford and Artemis
MOVES-UK-based RateSetter names Manduca as non-exec chairman
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 John Gillespie.
How many employees does RateSetter have?
RateSetter has 223 employees.
What is RateSetter revenue?
Latest RateSetter annual revenue is £34.3 m.
What is RateSetter revenue per employee?
Latest RateSetter revenue per employee is £154 k.
Who are RateSetter competitors?
Competitors of RateSetter include SoFi, Zelle and Viva Republica.
Where is RateSetter headquarters?
RateSetter headquarters is located at 55 Bishopsgate, London.
Where are RateSetter offices?
RateSetter has an office in London.
How many offices does RateSetter have?
RateSetter has 1 office.