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 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Log In
Mario-Lupori-2018-700x325
April 4 2019

RateSetter attracts £200m into its IFISA

Marc Shoffman IFISA, Industry News, News IFISA, Mario Lupori, p2p, Ratesetter, tax wrapper

RATESETTER’S Innovative Finance ISA (IFISA) has passed £200m of subscriptions since launch.

The peer-to-peer lender launched its tax wrapper in February 2018 and says investors have put away £11,000 on average and earned 4.5 per cent a year.

One in three RateSetter investors has now opened an ISA, the platform said.

Read more: RateSetter unveils rebrand

“Passing £200m in subscriptions to our ISA, in just over one year, is a good milestone and a sign of things to come,” Mario Lupori (pictured), chief investments officer at RateSetter, said.

“It takes time for financial innovations to build profile and trust, and the IFISA is no different. We’re making strong progress and it’s clearer than ever that investors find our products attractive.

“IFISAs and P2P investing do not have to be high-risk. We are showing this on a daily basis by delivering healthy returns based on investment against a diverse and stable portfolio of high-quality loans.”

The platform hit £3bn of total lending earlier this year.

Of the £3bn loanbook, £820m of the loans are still active and £2.2bn has been repaid by borrowers, generating returns of £120m for RateSetter investors, who have enjoyed an average annual interest rate of 4.4 per cent per year since the platform launched in 2010.

Read more: RateSetter IFISA attracts £175m in first year

Crowdstacker appoints credit committee chairman Property focused

Related Posts

Michelle-Mone-photo-credit-Dan-Kennedy

Industry News, News

Michelle Mone’s crypto platform rebrands again

shutterstock_529618147

Industry News, News

Assetz Capital dips into provision fund to refund wind energy investors

shutterstock_1383378692

Global News, Industry News

Funding Circle urges US regulators to follow UK model

Popular posts:

  • More firms withdrawing P2P regulatory applications…
  • ThinCats announces closure of retail P2P lending platform
  • A new dawn: P2P lending gets set for…
  • RateSetter publishes living will terms
  • Confusion surrounds definition of sophisticated investors
  • Are you ready? Two major FCA regulations hit P2P…
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2019 • Additional design by