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Peer2Peer Finance News | August 25, 2019

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Rhydian Lewis

RateSetter opens IFISA to transfers

May 2, 2018 |

RATESETTER has opened its Innovative Finance ISA (IFISA) to transfers from other providers.

Investors can now transfer money from their existing cash and stocks and shares ISAs from previous tax years into the P2P platform’s product.

RateSetter will accept full … Read More

RateSetter CEO warns of ‘risk’ of collaboration over competition

March 19, 2018 |

RATESETTER chief executive and co-founder Rhydian Lewis (pictured) has underlined the importance of competition – and not just collaboration – between fintechs and banks for true innovation to occur.

At the Innovate Finance Global Summit at London’s Guildhall, Lewis warned … Read More

RateSetter to launch IFISA on Thursday

February 7, 2018 |

RATESETTER is set to launch its Innovative Finance ISA (IFISA) on Thursday to existing customers, meaning that the three largest industry players will now have their products on the market.

The peer-to-peer platform said on Wednesday that the tax wrapper … Read More

RateSetter exits unsecured business loans market

January 22, 2018 |

RATESETTER is winding down its unsecured business lending after a review of its commercial finance propositions.

The peer-to-peer platform said its commercial finance product suite will focus solely on property-backed and asset-backed lending.

Business borrowers will now only be able … Read More

RateSetter’s losses widen to £23.3m after wholesale lending write-off

December 6, 2017 |

RATESETTER reported record revenues in the last financial year but saw its losses increase after taking a one-off £14m hit on a borrower rather than exposing investors on its provision fund.

The peer-to-peer lender’s latest annual accounts for the 12 … Read More

RateSetter earmarks February 2018 for IFISA launch

December 1, 2017 |

RATESETTER has confirmed that it will launch its Innovative Finance ISA (IFISA) in February 2018 and that existing investors will get a two-week head start on the product.

The peer-to-peer platform, which gained full authorisation from the Financial Conduct Authority in … Read More

A world of opportunity

December 1, 2017 |

Rhydian Lewis heads up one of the biggest and best-known peer-to-peer lenders in the country. The RateSetter chief executive talks to Peer2Peer Finance News about the firm’s “relentless focus” on the retail investor, regulation and what he learnt from the … Read More

Chancellor to back support package for scale-ups

November 20, 2017 |

THE Chancellor is expected to give his backing this week to a series of recommendations aimed at supporting UK scale-ups, including the creation of a multi-billion pound fund.

The recommendations have been submitted to the Treasury by private sector bosses‎ … Read More

RateSetter plans to launch IFISA this tax year

October 18, 2017 |

RATESETTER has said it plans to apply to HMRC for ISA manager status and launch its Innovative Finance ISA (IFISA) before the end of the current tax year.

The peer-to-peer lender, which announced on Tuesday that it had gained full … Read More

RateSetter will return to profit next year, says CEO

October 5, 2017 |

RATESETTER will return to profit next year, its chief executive and co-founder has said.

The peer-to-peer lender was profitable in the financial years ended 2014 and 2015, but has fallen into the red since then, as it has invested heavily … Read More