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Peer2Peer Finance News | November 24, 2017

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Daniel Foggo

RateSetter gets upgraded Down Under

November 13, 2017 |

RATESETTER’S Australian operations have been given a higher rating by SQM Research.

The independent ratings agency upgraded the peer-to-peer lending platform to a “favourable” rating and described its lending product as “approved investment grade.”

This puts it just one step … Read More

RateSetter Australia toasts A$10.5m fundraising

September 25, 2017 |

A CAPITAL raising worth A$10.5m (£6.18m) has been completed by RateSetter Australia.

The investment round into RateSetter, which is now the largest peer-to-peer lender in Australia, was led by Five V Capital, with support from existing shareholders and other professional … Read More

Not just avocado toast! Younger Oz investors flocking to RateSetter

September 20, 2017 |

RATESETTER is proving popular down under with millennials – typically those born in the early 1980s up to the mid 1990s – leading to a surge of investment into the lender’s one-month rolling product.

Data from RateSetter’s Australian platform, launched … Read More

Car finance drives P2P growth in Australia

August 29, 2017 |

CAR finance is one of the driving forces behind the growth of peer-to-peer lending among brokers in Australia.

According to new research from RateSetter’s Australian business, one fifth (20 per cent) of all broker-led loans on the platform are used … Read More

RateSetter Australia launches green loan marketplace

May 26, 2017 |

RATESETTER has launched Australia’s first green loan marketplace, with AUS$20m (£15.5m) of seed capital from the Clean Energy Finance Corporation (CEFC).

The move from the peer-to-peer platform, which it expects will attract “thousands” of investors and lay the groundwork for … Read More

RateSetter welcomes Australian banking reforms

May 9, 2017 |

RATESETTER’S Australian division has welcomed the country’s banking reforms unveiled in the Federal Budget on Tuesday.

Changes imposed in the major fiscal event include a bumper levy on the country’s biggest banks, an “open banking” scheme to give customers greater … Read More

RateSetter: Millennials are driving P2P growth in Australia

April 27, 2017 |

MILLENNIALS represent the largest retail investor group in the peer-to-peer lending market in Australia and will drive the sector’s growth, according to new research from RateSetter.

The London-headquartered P2P platform, which launched its Australian division to the public in 2014, … Read More

RateSetter Australia partners with mortgage aggregator Connective

March 7, 2017 |

RATESETTER Australia has partnered with mortgage aggregator Connective, to give more brokers access to its range of personal and business loan products in the country.

The UK-headquartered peer-to-peer lender, which set up its Australian subsidiary in 2014, said the … Read More

RateSetter’s Australia business reaches investor milestone

December 7, 2016 |

RATESETTER’S Australian subsidiary has just hit a milestone of 5,000 investors and expects to double this figure over the next six months, as consumers eschew banks for alternative finance options.

The platform, which recently celebrated its two-year anniversary, is currently … Read More