8 years ago

RateSetter Raises £13 Million in Equity Funding

  • RateSetter, a London-based peer-to-peer lending platform, has raised £13 million in equity funding from existing shareholders Woodford Investment Management and Artemis

  • The round valued the business at over £200 million

  • RateSetter will use the funds to scale up the business ahead of the anticipated launch of its Innovative Finance ISA

  • The company, which has raised over £40 million in total capital since its launch in 2010, has originated close to £2 billion of loans to date.

      • ProblemFinancial Services

      "making peer-to-peer lending more accessible and secure"

      Solution

      "providing a platform that allows investors to lend money directly to borrowers, with a risk-adjusted premium and a Provision Fund to reimburse investors in case of borrower default"

      Covered on