When was RateSetter founded?

RateSetter was founded in 2010 and raised its 1st funding round within a year of its incorporation.

Where is RateSetter located?

RateSetter is headquartered in London, United Kingdom.

Which legal entities is RateSetter associated with?

RateSetter is associated with Retail Money Market Limited.

How many employees does RateSetter have?

As of Sep 30, 2026, the latest employee count at RateSetter is 33.

Is RateSetter a funded company?

RateSetter is a funded company, having raised a total of $81.7M across 10 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2010.

How much is RateSetter worth?

The last known valuation of RateSetter was £***** as of Jul 29, 2020.

When was the latest funding round of RateSetter?

RateSetter's latest funding was a $***** Series B round on Jul 29, 2020, with participation from 0 investor. Its primary sector is Digital Lending. In United Kingdom, the Digital Lending sector has seen $1.86B in funding in 2026 to date.

What is the annual revenue of RateSetter?

Annual revenue of RateSetter is between £10M and £50M as on Mar 31, 2019

Where does RateSetter rank among its competitors?

RateSetter ranks 27th amongst 530 active competitors, of which 59 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Olyv, which secured $6.15M in Nov, 2026.

Who are the top competitors of RateSetter?

RateSetter's top competitors include Prosper, Kissht and Olyv. Among them, Olyv secured the most recent funding round in November, 2026.

RateSetter - 2026 Company Profile, Team, Funding, Competitors & Financials

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
Social

Key Metrics

Founded Year

2010

Location

London, United Kingdom

Stage

Acquired

Total Funding

$81.7M in 10 rounds

Latest Funding Round

Series B, Jul 29, 2020, $*****

Last Known Valuation

£***** as on Jul 29, 2020

Investors

Woodford Investment Management & 56 more

Ranked

27^th among 530 active competitors

Annual Revenue

£10M - £50M as on Mar 31, 2019

Employee Count

33 as on Sep 30, 2026

Investment & Acquisitions

Make Positive & 1 more

Similar Companies

Prosper & 256 more

Exit Details

Acquired by Metro Bank (Aug 03, 2020)

View RateSetter's full profile

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 got acquired by Metro Bank on Aug 03, 2020.

Click here to take a look at RateSetter's acquisition in detail

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	Woodford Investment Management & 1 more	8883064

Access funding benchmarks and valuations. Sign up today!

View details of RateSetter's funding rounds and investors

RateSetter'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
Anne Marie Grim	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:

Uncover RateSetter's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of RateSetter include Prosper, Kissht and Olyv. Here is the list of Top 10 competitors of RateSetter, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Prosper 2005, San Francisco (United States), Acquired	P2P Lending Marketplace	$414M	Meritech, QED Investors & 48 others	84/100
2nd	Kissht 2015, Mumbai (India), Public	Provider of personal loans, business loans, and loans against property	$133M	Innoven Capital, Trifecta Capital & 50 others	77/100
3rd	Olyv 2017, Bengaluru (India), Series C	A personal loan and financial solutions provider	$55.7M	Lightrock, Trifecta Capital & 59 others	73/100
4th	Fintonic 2012, Madrid (Spain), Series C	App-based platform for personal financial management and personal loans	$54.8M	ING Ventures, Onza Capital & 7 others	72/100
5th	Lendable 2014, London (United Kingdom), Series B	Provider of digital personal loan services for various credit profiles	$293M	Ontario Teachers' Pension Plan, Goldman Sachs ... & 22 others	71/100
6th	LendenClub 2015, Mumbai (India), Series A	Developer of a P2P lending platform for personal loans	$11.9M	Artha India Ventures, Italica & 102 others	66/100
7th	LendingPoint 2014, Atlanta (United States), Series B	Personal loans provider offering financial solutions with proprietary technology and AI	$325M	MidCap Financial, Apollo Investment Corporation ... & 5 others	65/100
8th	SoLo 2018, Los Angeles (United States), Series A	Provider of P2P marketplace platform for personal loans	$12.9M	Serena Ventures, ACME & 26 others	63/100
9th	mPokket 2016, Kolkata (India), Series A	Operator of an application providing instant personal loans to various demographics	$7.69M	JACIPL, Village Capital & 16 others	62/100
10th	Harmoney 2013, Auckland (New Zealand), Public	Online P2P platform for personal loans	$56.4M	Trade Me, Heartland & 18 others	59/100
27th	RateSetter 2010, London (United Kingdom), Acquired	Online P2P lending platform for consumer and business loans	$81.7M	Woodford Investment Management, Incubate ... & 55 others	47/100