RateSetter - About the company
RateSetter is an acquired company based in London (United Kingdom), founded in 2010. It operates as an Online P2P lending platform for consumer and business loans. RateSetter has raised $81.7M in funding from investors like Woodford Investment Management, Artemis Investment Management and Incubate, with last known valuation of £*****. The company has 530 active competitors, including 59 funded and 25 that have exited. Its top competitors include companies like Prosper, Kissht and Olyv.
Company Details
Online P2P lending platform for consumer and business loans. It allows people to lend and borrow money with each other, by setting interest rates and terms. It offers loans such as personal loans, property loans, dealer loans, income shared agreement loans, and more. Loans are transferred to the borrower's registered bank account.
- Website
- www.ratesetter.com
Key Metrics
Founded Year
2010
Location
London, United Kingdom
Stage
Acquired
Total Funding
$81.7M in 10 rounds
Latest Funding Round
Last Known Valuation
£***** as on Jul 29, 2020
Investors
Ranked
27th among 530 active competitors
Annual Revenue
£10M - £50M as on Mar 31, 2019
Employee Count
33 as on Sep 30, 2026
Investment & Acquisitions
Exit Details
Acquired by Metro Bank (Aug 03, 2020)
Legal entities associated with RateSetter
RateSetter is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Retail Money Market Limited CIN: 7075792 , Germany, Active | Nov 12, 2009 | £10M - £50M (As on Mar 31, 2019) | 42 (As on Dec 31, 2021) |
RateSetter's acquisition details
RateSetter got acquired by Metro Bank on Aug 03, 2020.
Click here to take a look at RateSetter's acquisition in detail
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RateSetter's funding and investors
RateSetter has raised a total funding of $81.7M over 10 rounds. Its first funding round was on 2010. RateSetter has 8 institutional investors and 49 angel investors.
Here is the list of recent funding rounds of RateSetter:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 29, 2020 | 9454178 | Series B | 6174256 | 8709300 | 7584271 | 3232586 |
Oct 04, 2018 | 4580857 | Series B | 1661576 | 1825755 | 9495854 | 4816368 |
Apr 06, 2017 | 2716067 | Series B | 7099542 | 5050130 | 8883064 |
View details of RateSetter's funding rounds and investors
RateSetter's founders and board of directors
Founder? Claim ProfileRateSetter's Board of Directors
RateSetter's board has 8 active members. Paul Victor Falzon Sant Manduca is part of team and Anne Marie Grim, Stuart John Bridges, Ian Duncan Boyce, Henry John Trenchard Russell, David Thomas Arden, Martyn Scrivens and Daniel Frumkin are independent board members.Here is the list of RateSetter's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
qglgulp | Team | - | Current | 7y 3m |
lipsxsq | Investor | - | Past | 3y 3m |
omgzogn | Investor | - | Past | 5y 5m |
iijytyr | Investor | - | Past | 1y 1m |
Independent board member | - | Current | 6y 2m | |
lwqm{zh | Independent board member | - | Current | 9y 6m |
tyflto{ | Independent board member | - | Current | 8y 4m |
jnwbumk | Independent board member | - | Current | 7y 4m |
fmjbsw{ | Independent board member | - | Current | 1y 9m |
eurekqp | Independent board member | - | Current | 8y 4m |
rujlyyh | Independent board member | - | Current | 9y 9m |
fkaq{ea | Independent board member | - | Past | 3y 2m |
RateSetter's employee count trend
RateSetter has 33 employees as of Sep 26. Here is RateSetter's employee count trend over the years:
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RateSetter's Competitors and alternates
Top competitors of RateSetter include Prosper, Kissht and Olyv. Here is the list of Top 10 competitors of RateSetter, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Prosper 2005, San Francisco (United States), Acquired | P2P Lending Marketplace | $414M | 84/100 | |
2nd | Provider of personal loans, business loans, and loans against property | $133M | 77/100 | ||
3rd | A personal loan and financial solutions provider | $55.7M | 73/100 | ||
4th | App-based platform for personal financial management and personal loans | $54.8M | 72/100 | ||
5th | Lendable 2014, London (United Kingdom), Series B | Provider of digital personal loan services for various credit profiles | $293M | 71/100 | |
6th | LendenClub 2015, Mumbai (India), Series A | Developer of a P2P lending platform for personal loans | $11.9M | 66/100 | |
7th | LendingPoint 2014, Atlanta (United States), Series B | Personal loans provider offering financial solutions with proprietary technology and AI | $325M | 65/100 | |
8th | SoLo 2018, Los Angeles (United States), Series A | Provider of P2P marketplace platform for personal loans | $12.9M | 63/100 | |
9th | Operator of an application providing instant personal loans to various demographics | $7.69M | 62/100 | ||
10th | Harmoney 2013, Auckland (New Zealand), Public | Online P2P platform for personal loans | $56.4M | 59/100 | |
27th | RateSetter 2010, London (United Kingdom), Acquired | Online P2P lending platform for consumer and business loans | $81.7M | 47/100 |
Looking for more details on RateSetter's competitors? Click here to see the top ones
RateSetter's Investments and acquisitions
RateSetter has made 2 investments in Make Positive and Make Positive. RateSetter has not made any acquisitions as of now.Reports related to RateSetter
Here is the latest report on RateSetter's sector:
News related to RateSetter
•
RateSetter loans help boost Metro Bank’s consumer book to £1.5bnPeer2Peer Finance News•Mar 02, 2023•Metro Bank, RateSetter
•
Metro Bank Introduces Digital Car Loan Product Under Ratesetter BrandCrowdfund Insider•Jan 24, 2023•Metro Bank, RateSetter
•
RateSetter acquisition “conceived in extraordinary times”Peer2Peer Finance News•Oct 21, 2022•RateSetter, Metro Bank
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Blend hires Granger to help drive regional expansionProperty Week•May 12, 2022•Blend Network, RateSetter
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Exiting Metro Bank CFO leaves RateSetter boardPeer2Peer Finance News•Feb 25, 2022•RateSetter, Metro Bank
•
RateSetter acquisition helps Metro Bank boost consumer lendingAltFi•Feb 24, 2022•Metro Bank, RateSetter
•
Bristol Myers Squibb Announces Tender Offers for an Aggregate Purchase Price of Up to $4.0 BillionBusiness Wire•Feb 15, 2022•RateSetter, Bristol-Myers Squibb, Aggregate
•
Lending Works to stay in 36H Group despite P2P exitPeer2Peer Finance News•Jan 21, 2022•Lending Works, RateSetter
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