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Peer2Peer Finance News | August 17, 2019

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Rhydian Lewis

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

Who is guiding the Big Three?

July 5, 2018 |

THE PEER-TO-PEER industry is constantly evolving, and some of the bigger brand names have become permanent fixtures in the financial services landscape.

We have seen start-ups become regulated companies, online platforms apply for banking licences and now some are even … Read More

RateSetter in talks for £30m fundraising round

June 18, 2018 |

RateSetter is reportedly in talks for a £30m fundraising round as it continues to gear up for an initial public offering (IPO).

The peer-to-peer lender is seeking to raise £30m through investment bank Lazard and stock broker Peel Hunt, according … Read More

RateSetter hits £100m IFISA milestone

June 15, 2018 |

RATESETTER has attracted £100m in subscriptions to its Innovative Finance ISA (IFISA), just four months after the tax-wrapper was initially launched.

The peer-to-peer platform launched its first IFISA product in early February 2018, and more than 10,000 ISA accounts have … Read More

How the big three shaped P2P

June 15, 2018 |

ALTHOUGH we still tend to think of peer-to-peer lending as a young sector, it is now 13 years since Zopa became the first lender in the market. It was joined five years later by Funding Circle and RateSetter and since … Read More

RateSetter reaches £100m interest milestone

May 15, 2018 |

RATESETTER has helped investors pocket £100m of interest.

The peer-to-peer platform – launched in October 2010 – said it had paid £100m interest to investors without any lenders losing a penny.

Rhydian Lewis (pictured), chief executive of RateSetter, said the … Read More

Collaborate or compete?

May 10, 2018 |

Peer-to-peer lenders are getting increasingly involved with the very incumbents they set out to disrupt. Is this the key to the P2P industry’s future or the path to its demise?

IN THE tech-forward 21st century, the answer to the age-old … Read More