Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_752739817
November 13 2017

RateSetter gets upgraded Down Under

Marc Shoffman Industry News, News Australia, Daniel Foggo, p2p, Ratesetter, SQM Research

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 below SQM’s top rating of ‘high investment grade.’

SQM described the platform, which launched in Australia in 2014, as “well-resourced, with expertise stemming from its related company’s operations in the United Kingdom.”

Read more: RateSetter Australia launches green loan marketplace

It also heralded RateSetter’s provision fund and risk management processes.

“The ‘favourable’ rating highlights the progress we have made in providing investors with a simple, safe way to access consumer and business credit,” said Daniel Foggo, chief executive of RateSetter Australia.

“We are committed to making this attractive asset class available to more investors, delivering them stable and risk-adjusted returns, and look forward to further increasing our investment-grade ratings as we do so.”

It comes after RateSetter Australia completed a capital raising worth A$10.5m (£6.18m.)

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 investors.

Read more: Not just avocado toast! Younger Oz investors flocking to RateSetter

Most UK tech founders expect to sell for £50m or less Ranger Direct expects further write-downs in Argon dispute

Related Posts

Plant Growing Out Of Coin Jar On Table In Office -  Investing / Business Success Concept

Industry News, News, Top 3

Abundance Investment working on “new opportunities”

Model Houses Hanging By Strings

Industry News, News, Top 3

LendInvest bond value lost £5.8m during pandemic

Sonnenuntergang hinter den modernen Wolkenkratzern der Skyline von London, Großbritannien

Industry News, News, Top 3

Everything we know about the CBILS successor scheme (so far)

Popular posts:

  • FCA lumps P2P lending in with higher risk products again
  • 4th Way gives its views on Zopa and Funding Circle returns
  • UK operations help Funding Circle push for profit in…
  • Investors ready to put more money into P2P lending
  • CrowdProperty unveils board changes and hunt for CFO
  • RateSetter outlines benefits of debt consolidation loans
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by