RateSetter
Curated by SignalP2P lending marketplace connecting borrowers with investors for loans.
Overview
RateSetter operates as a peer-to-peer lending marketplace that facilitates direct transactions between individual borrowers and investors, thereby bypassing traditional financial institutions. The platform employs algorithms and data analytics to evaluate borrower creditworthiness and offers various loan products, including personal loans, debt consolidation, and home improvement loans. As of now, RateSetter is not accepting new applications for personal loans but continues to support its existing customer base, which numbers over 800,000. The company was acquired by Metro Bank in 2020 and is regulated by the FCA. It maintains a customer service team to assist its users. The operational model aims to improve the efficiency and accessibility of consumer finance for both borrowers and investors.
Key facts
- Founded
- 2010
- Headquarters
- London, United Kingdom
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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- 1 product or service
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Contact
- Primary office
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- Phone
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