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Peer2Peer Finance News | August 19, 2019

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P2P lender founders named among UK’s richest entrepreneurs

P2P lender founders named among UK’s richest entrepreneurs
Marc Shoffman

THREE founders of peer-to-peer lenders have been named among the top 100 richest entrepreneurs behind the UK’s fastest growing firms.

The Telegraph newspaper has compiled a Technology Hot 100 list of the most successful founders of Britain’s fastest-growing private companies.

It assesses wealth based on the financial stake a founder has in the business and also only includes companies with an average annualised growth greater than 20 per cent, and with 10 or more employees.

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RateSetter founder Rhydian Lewis (pictured) is at number 30 with a £28.9m stake in the P2P lender.

“As founder and chief executive of RateSetter, Lewis’ P2P lending platform has seen the company scale from a fledgling business to one that is helping hundreds of others,” The Telegraph said.

Crowd2Fund founder Chris Hancock is placed at number 64 with a £15.1m stake in the company.

“Hancock has high hopes for the business, having set a target of achieving a £1bn exit within the next three years, claiming his company offers small and medium businesses a more sophisticated pool of investors than those on rival Funding Circle,” his entry said.

The third P2P executive on the list is MarketInvoice co-founder Ilya Kondrashov, who ranks 72nd with wealth of £13.1m in the company.

The list is topped by challenger bank OakNorth’s founder Rishi Khosla, said to be worth £650m.

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