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)
244 (est)+5%
RateSetter was founded in 2010 and is headquartered in London, GB

Key People/Management 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 Financials and Metrics

Summary Metrics

Founding Date


Total Funding

$63.5 m

Latest funding size

$16.7 m

Time since last funding

7 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 Financials

RateSetter's revenue was reported to be £18.5 m in FY, 2016 which is a 47% increase from the previous period.

Revenue (FY, 2016)

18.5 m

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


Gross profit (FY, 2016)

16.7 m

Gross profit margin (FY, 2016), %


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


12.6 m18.5 m

Revenue growth, %


Cost of goods sold

580 k1.7 m

Gross profit

12 m16.7 m
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)
    GBPY, 2016


    156.6 k

    Financial Leverage

    1.4 x
    Show all financial metrics

    RateSetter's Web-traffic and Trends

    RateSetter Online and Social Media Presence

    RateSetter News and Updates

    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.

    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…

    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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