About RateSetter
RateSetter is a company based in London (United Kingdom) founded in 2010 was acquired by Metro Bank in August 2020.. RateSetter has raised $81.68 million across 10 funding rounds from investors including Metro Bank, British Business Bank and Artemis Fund Managers. The company has 42 employees as of December 31, 2021. RateSetter offers products and services including Personal Loans and Savings Products. RateSetter operates in a competitive market with competitors including Lendable, Lending Works, Air Sourcing, Moneybaba and Panda Loans, among others.
- Headquarter London, United Kingdom
- Employees 42 as on 31 Dec, 2021
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Retail Money Market Limited
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Annual Revenue
$14.13 M (USD)-12as on Dec 31, 2021
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Net Profit
$-17.88 M (USD)37as on Dec 31, 2018
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EBITDA
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Total Equity Funding
$81.68 M (USD)
in 10 rounds
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Latest Funding Round
$181.35 K (USD), Series C
Jul 29, 2020
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Investors
Metro Bank
& 6 more
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Employee Count
42
as on Dec 31, 2021
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Acquired by
Metro Bank
(Aug 03, 2020)
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Products & Services of RateSetter
RateSetter offers a comprehensive portfolio of products and services, including Personal Loans and Savings Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for personalized loan applications and borrowing
Platform for savings and investment options for individuals
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Funding Insights of RateSetter
RateSetter has successfully raised a total of $81.68M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $181.35 thousand completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series C — $181,354
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series C - RateSetter | Valuation |
investors |
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| Oct, 2018 | Amount | Series C - RateSetter | Valuation |
investors |
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| Apr, 2017 | Amount | Series B - RateSetter | Valuation | Woodford Investment Management , Artemis Investment Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RateSetter
RateSetter has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Metro Bank, British Business Bank and Artemis Fund Managers. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt fund and fund of funds focused on startups
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Founded Year | Domain | Location | |
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Seed stage businesses are invested in by Incubate.
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Founded Year | Domain | Location | |
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Diversified investment portfolios are managed for clients by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RateSetter
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RateSetter
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ratesetter Comparisons
Competitors of RateSetter
RateSetter operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lendable, Lending Works, Air Sourcing, Moneybaba and Panda Loans, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personal loans are enabled via an online P2P marketplace.
|
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| domain | founded_year | HQ Location |
Personal loans and investments are enabled via a P2P platform.
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| domain | founded_year | HQ Location |
Personal loans are matched via an online marketplace platform.
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| domain | founded_year | HQ Location |
Personal loans are provided via an online marketplace platform.
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| domain | founded_year | HQ Location |
Operates an app-based platform for convenient personal loan services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ratesetter
Frequently Asked Questions about RateSetter
When was RateSetter founded?
RateSetter was founded in 2010.
Where is RateSetter located?
RateSetter is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is RateSetter a funded company?
RateSetter is a funded company, having raised a total of $81.68M across 10 funding rounds to date. The company's 1st funding round was a Series B of $16.68M, raised on Jun 01, 2010.
How many employees does RateSetter have?
As of Dec 31, 2021, the latest employee count at RateSetter is 42.
What is the annual revenue of RateSetter?
Annual revenue of RateSetter is $14.13M as on Dec 31, 2021.
What does RateSetter do?
RateSetter was founded in 2010 in London, United Kingdom, as a fintech company specializing in peer-to-peer lending. Borrowers and lenders are connected via an online platform where interest rates and loan terms are set directly. Services include personal loans, property loans, dealer loans, and income-shared agreement loans, with funds transferred to borrowers registered bank accounts. Operations focus on consumer and business financing within the UK market.
Who are the top competitors of RateSetter?
RateSetter's top competitors include Lendable, Lending Works and Air Sourcing.
What products or services does RateSetter offer?
RateSetter offers Personal Loans and Savings Products.
Who are RateSetter's investors?
RateSetter has 7 investors. Key investors include Metro Bank, British Business Bank, Artemis Fund Managers, Woodford Investment Management, and Charles Peel.
What is RateSetter's valuation?
The valuation of RateSetter is $269.13M as of Apr 2017.
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