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- RateSetter is a British personal loan provider, founded in 2009 as one of the pioneers of peer-to-peer lending. The London-based company traded in the United Kingdom and (from 2014) through a locally-owned and run business in Australia. The UK business was acquired by Metro Bank in September 2020, leading to closure of the peer-to-peer products in April 2021. The company is known for having introduced into peer-to-peer lending the concept of a "provision fund" – an internal fund which aims to help lenders manage the risk of borrower default, and is generated by borrowers' payment of a "credit rate" fee based on their credit profile. Launched in October 2010, by September 2020 the company had matched more than £4bn in loans and had over 750,000 investors and borrowers. RateSetter claimed that none of its individual investors ever lost money. (en)
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| dbo:fate
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- Acquired byMetro Bank, September 2020 (en)
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- 15006 (xsd:nonNegativeInteger)
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| dbp:fate
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- Acquired by Metro Bank, September 2020 (en)
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| dbp:foundation
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- Rhydian Lewis, Peter Behrens (en)
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- File:RateSetter-Logo-Sept2014.png (en)
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| dbp:name
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- Retail Money Market Ltd (en)
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| rdfs:comment
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- RateSetter is a British personal loan provider, founded in 2009 as one of the pioneers of peer-to-peer lending. The London-based company traded in the United Kingdom and (from 2014) through a locally-owned and run business in Australia. The UK business was acquired by Metro Bank in September 2020, leading to closure of the peer-to-peer products in April 2021. (en)
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| foaf:name
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- Retail Money Market Ltd (en)
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