About RateSetter
RateSetter is a Financial Services company based in London (United Kingdom) founded in 2010, and was acquired by Metro Bank in August 2020. Online P2P lending platform for consumer and business loans. 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. RateSetter was last valued at $269.13 million in April 2017. Its website ratesetter.com draws about 74 thousand monthly visits. RateSetter offers products and services including Personal Loans and Savings Products. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is Retail Money Market Limited. Its competitors include Lendable, Lending Works and Air Sourcing; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Employees 42
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Website ratesetter.com
- Social LinkedIn X Facebook
- Acquired by Metro Bank (Aug 2020)
- Legal Name Retail Money Market Limited
- Annual Revenue$14.13 M (USD)-12as on Dec 31, 2021
- Net Profit-$17.88 M (USD)37as on Dec 31, 2018
- Total Equity Funding$81.68M (USD)
in 10 rounds
- Latest Funding Round$181.35K (USD), Series C
Jul 2020
- InvestorsMetro Bank
& 6 more
- Employee Count42
- Acquired byMetro Bank
(Aug 2020)
Products & Services of RateSetter
RateSetter offers a comprehensive portfolio of products and services, including Personal Loans and Savings Products.
Online service for personalized loan applications and borrowing
Platform for savings and investment options for individuals
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 $81.68M
- Total Rounds 10
- Last Round Series C — $181,354
- Investors Count 6
All 10 funding rounds of RateSetter with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | $181,354 | Series C | – | – | – |
| Oct 2018 | $19.48M | Series C | – | – | – |
| Apr 2017 | $16.68M | Series B | $269.13M | Woodford Investment Management, Artemis Investment Management | – |
| Feb 2016 | $469,072 | Series B | – | – | – |
| Jul 2014 | $17.1M | Debt – Conventional | – | – | |
| Apr 2014 | $33.7M | Series B | $252.99M | Woodford Investment Management, Artemis Investment Management | – |
| Jun 2013 | $7.65M | Series A | – | – | |
| Dec 2012 | $2.6M | Seed | – | – | – |
| Jan 2011 | $934,919 | Seed | $••••• | – | – |
| Jun 2010 | Seed | – | Incubate | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2017 | $269.13M | •••••••• |
| Apr 2014 | $252.99M | •••••••• |
| Jan 2011 | $••••• | •••••••• |
Full valuation and stage history of RateSetter
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $269.13M (Apr 2017). 7 investors in total: 5 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt fund and fund of funds focused on startups | 2014 | british-business-bank.co.uk | Sheffield, United Kingdom | |
Seed stage businesses are invested in by Incubate. | incubate.co.uk | London, United Kingdom | ||
Diversified investment portfolios are managed for clients by the firm. | 2014 | woodfordfunds.com | Swindon, United Kingdom | |
Fund and investment management services are provided to clients. | 1997 | artemisfunds.com | London, United Kingdom | |
Commercial banking services are provided in the United Kingdom. | 2010 | metrobankonline.co.uk | London, United Kingdom | |
CP Charles Peel | unknown_5af09dcf93a44d5bb | |||
KC Ken Costa | unknown_8721db5ccc0c4b72a |
Investor details for RateSetter
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of RateSetter
10 people are tracked at RateSetter (2 in leadership, 8 in team); the tracked headcount is 42.
| Name | Role | Group |
|---|---|---|
Lisa Bayliss CertAutoFS | Head Of Sales | Leadership |
Steve Collender | Director Of Customer Operations | Leadership |
Keiran Pace | Financial Services Consultant | Team |
Elle Rhodes | Account Manager | Team |
Chen Guo | Software Developer | Team |
Linda A. | Software Engineer | Team |
Jonathan Lujan | Senior Cyber Security Engineer | Team |
Maria Alejandra Barrios Labrador | Software Developer | Team |
Splodge Lumb | Finance | Team |
James Pope | Loan Operations Associate | Team |
Complete people profiles for RateSetter
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of RateSetter
5 dated milestones of RateSetter across 10 years, from founding to its latest funding, stage changes and deals.
- Founded RateSetter is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $181K.
- Exit Acquired by Metro Bank.
Competitors of RateSetter
RateSetter has 3 listed competitors in our database, 2 of them funded. They include Lendable, Lending Works and Air Sourcing.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lendable.co.uk | 2014 | London, United Kingdom | $293.36M | Personal loans are enabled via an online P2P marketplace. | ||
| lendingworks.co.uk | 2012 | London, United Kingdom | $23.62M | 44 | Personal loans and investments are enabled via a P2P platform. | |
| airsourcing.co.uk | 2016 | Gloucester, United Kingdom | 3 | Personal loans are matched via an online marketplace platform. |
Detailed competitors of RateSetter
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of RateSetter
The website of RateSetter (ratesetter.com) receives about 73.8K visits a month and ranks #418,733 among all websites worldwide, #5,274 in Financial Planning and Management.
- Monthly visits73.8K
▲ 22.4% vs previous month
- Unique visitors18.8K
per month
- Global rank#418,733
among all websites
- Category rank#5,274
Finance · Financial Planning and Management
- Bounce rate40%
- Pages per visit4.8
- Average visit1 min 55 sec
- DevicesDesktop 17% · Mobile 83%
Websites whose visitors overlap most with RateSetter. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| p2pmoney.co.uk | 100% | View details | |||
| thincats.com | 80% | 7.4K | #2,792,332 | View details | |
| landbay.co.uk | 78% | 16K | #1,635,359 | View details | |
| fundingknight.com | 74% | View details | |||
| assetzcapital.co.uk | 74% | 29.3K | #938,265 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 26 similar websites and full traffic analytics for RateSetter
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 26 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
2 companies that operate in the same segment as RateSetter (Alternative Lending) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M |
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Related news about Ratesetter
Complete news archive for RateSetter
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about RateSetter
RateSetter was founded in 2010.
RateSetter is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
RateSetter is a funded company, having raised a total of $81.68M across 10 funding rounds to date.
RateSetter has 42 employees.
Annual revenue of RateSetter is $14.13M as on Dec 31, 2021.
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.
RateSetter's top competitors include Lendable, Lending Works and Air Sourcing.
RateSetter offers Personal Loans and Savings Products.
RateSetter has 7 investors. Key investors include Metro Bank, British Business Bank, Artemis Fund Managers, Woodford Investment Management, and Charles Peel.
The valuation of RateSetter is $269.13M as of Apr 2017.
RateSetter operates through Retail Money Market Limited.
Yes. RateSetter was acquired by Metro Bank in August 2020.