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Peer2Peer Finance News | May 25, 2019

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Rhydian Lewis

RateSetter given Queen’s Award for Enterprise

April 23, 2019 |

RATESETTER has been given the Queen’s Award for Enterprise in recognition of its “excellence in innovation”.

The peer-to-peer lender will join the other recipients of the Queen’s Award at a reception in Buckingham Palace later this year. It will also … Read More

P2P lender founders named among UK’s richest entrepreneurs

April 9, 2019 |

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.

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P2P to have strong presence at Innovate Finance Global Summit

March 27, 2019 |

FOUNDERS of the ‘big three’ peer-to-peer lenders are among the confirmed speakers at Innovate Finance Global Summit (IFGS), which takes place next month at London’s Guildhall.

Giles Andrews of Zopa, Samir Desai of Funding Circle and Rhydian Lewis of RateSetter … Read More

Motor acquisitions drive RateSetter further into the red

December 11, 2018 |

RATESETTER has said it is making progress towards becoming “cash flow positive” after revealing a £26.7m loss in its latest annual results.

The peer-to-peer lender posted a 47 per cent rise in revenues to £34.3m for the year ended 31 March … Read More

P2P business lending breaks £2bn milestone in 2017

November 23, 2018 |

PEER-TO-PEER business lending volumes soared by two thirds year-on-year to surpass £2bn in 2017, according to new research.

The fifth annual UK Alternative Finance Industry Report, compiled by the Cambridge Centre for Alternative Finance (CCAF), found that transaction volumes across … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

RateSetter celebrates eighth birthday

October 5, 2018 |

RATESETTER is celebrating its eighth birthday this weekend, having originated more than £2.7bn in loans since it launched in 2010.

The peer-to-peer lending platform has garnered more than half a million customers in eight years and generated more than £110m … Read More

RateSetter: FCA marketing restrictions are “disproportionate”

August 7, 2018 |

RATESETTER has hit back at proposed marketing restrictions for peer-to-peer lenders, stating that they are “disproportionate” and “clunky”.

In a new blog post, the P2P platform’s chief executive Rhydian Lewis (pictured) responded to the recently-released consultation paper from the Financial … Read More

Base rate rise won’t ease saver woes, say P2P firms

August 2, 2018 |

PEER-TO-PEER lenders have warned that savers are unlikely to benefit from the latest interest rate hike.

The Bank of England’s monetary policy committee (MPC) voted on Thursday to raise the base rate from 0.5 per cent to 0.75 per cent … Read More

RateSetter backtracks on Rolling Market rate changes

July 20, 2018 |

RATESETTER has reversed its decision to stop investors setting their own rate for capital reinvesting on its Rolling Market.

The peer-to-peer lender implemented an overhaul of its popular Rolling Market product on 6 June, no longer allowing investors to set … Read More