Tagged: ratesetter

June 3, 2015 @ 9:23 am By Erin Hobey  |  

P2P-Banking.com posted original research of loan originations for May on its site.  Zopa tops the list with 57M € in new loans, Ratesetter comes in second with 50.1 M €, Funding Circle in third with 47.3M € and LendInvest in a close fourth with 44.5 M €. Note the remarkable growth of new P2P… Read More

May 25, 2015 @ 10:37 pm By Midori Yoshimura  |  

2015 may be the year of the great British cherry, according to the UK’s Department for Environment, Food and Rural Affairs, but the trade body overseeing the UK peer-to-peer lending industry is getting ready to introduce a rule against allowing institutions to “cherry-pick” the most desirable loans at the expense… Read More

May 23, 2015 @ 11:04 am By JD Alois  |  

According to research by Morgan Stanley, peer to peer lending is set to rocket to $22 billion within the next 5 years in Australia.  This is a country with a population of just 24 million.  This highlights the collision path between traditional finance and disruptive… Read More

May 18, 2015 @ 6:31 am By JD Alois  |  

As the RateSetter peer to peer lending platform grows, so must the team that manages their dramatic growth. RateSetter, UK’s largest P2P lending platform (according to monthly volume) has announced two new hires: John Battersby will take the position of Head of Communications which also… Read More

May 12, 2015 @ 12:42 pm By JD Alois  |  

RateSetter claims the title of UK’s largest peer to peer lender by monthly volumes.  The platform has lent over £173 million in 2015 alone.  The direct lender is looking to boost those numbers by targeting institutional funds and they have hired Colin Hodges to lead… Read More

April 28, 2015 @ 7:55 am By Erin Hobey  |  

“Banks are at a huge disadvantage with their high salary bills and antiquated technology systems, peer to peer offers an innovative, simple and better result which costs customers less. That said, I also predict huge opportunities for banks and peer-to-peer lenders to continue to work together… Read More

April 9, 2015 @ 7:57 am By JD Alois  |  

P2P lender Ratesetter has targeted the art sector by partnering with the Creative Industry Finance to fund artistic and cultural enterprises. Explaining that the UK creative sector is worth £71 billion per year to the economy, Ratesetter will now offer P2P finance solutions to the businesses… Read More

April 7, 2015 @ 12:41 am By JD Alois  |  

Peer to peer lender RateSetter is now offering a Self Invested Personal Pension Option (SIPP) in collaboration with London & Colonial and European Pensions Management allowing savers to invest in P2P assets for retirement. “We are delighted that RateSetter is now available via SIPPs. SIPPs were… Read More

April 2, 2015 @ 3:15 pm By Erin Hobey  |  

Regulation has provided the injection the Peer-to-Peer (P2P) industry needed to take off, according to RateSetter CEO, Rhydian Lewis. As the P2P platform celebrates almost £122 million in loans during Q1 and a year as “number one,” RateSetter cites regulation as a crucial turning point for… Read More

March 30, 2015 @ 9:38 am By Erin Hobey  |  

The investment in the peer-to-peer lender RateSetter, from veteran investment banker, Ken Costa, Woodford Investment Management and Artemis, places confidence in the nascent UK P2P and crowdfunding industry. Costa also led a £25m investment in the online-only challenger bank, Atom Bank, late last year. The £20… Read More

March 18, 2015 @ 12:44 pm By JD Alois  |  

At the annual presentation of the budget to the House of Commons, Chancellor of the Exchequer George Osborne checked off a wide ranging list of successes as the UK economy has segregated itself from much of the rest of Europe.  The contrast between the years of… Read More

March 18, 2015 @ 2:38 am By Midori Yoshimura  |  

With April’s at-retirement reforms at hand, RateSetter, the UK’s largest P2P platform, is planning to launch into the retirement space with two self-invested pension providers (SIPPs), according to a recent story in the Financial Times. The news comes on the wave of January’s update that RateSetter was nearing a… Read More

March 10, 2015 @ 9:13 am By JD Alois  |  

Leading peer to peer lending platform RateSetter, has hired Simon Pearse as head of compliance.  Described as an “industry heavyweight”, Pearse previously spent 8 years as a senior manager at the FSA/ FCA and also led the development of the regulatory risk framework at OneSavings… Read More

March 4, 2015 @ 1:55 am By Midori Yoshimura  |  

Living in London may be pricey, but then there’s getting around. To decrease the price and the hassle of Londoners’ commutes, CommuterClub is partnering with leading peer-to-peer funder RateSetter to offer major discounts on annual public transport tickets through low-cost payment plans. The campaign, hosted on UK crowdfunding platform Seedrs, is… Read More

February 22, 2015 @ 7:11 pm By JD Alois  |  

AltFi Data has launched the first Index to track the returns available from the UK peer to peer and marketplace lending industry. The Liberum AltFi Returns Index (LARI) is described as accurately tracking peer to peer lending returns using complete loan-by-loan cash flows provided by the major platforms. Currently, the Index… Read More

February 9, 2015 @ 6:32 pm By JD Alois  |  

RateSetter, a UK based peer-to-peer (P2P) lending platform has announced it has surpassed half a billion lent since the site launch in 2010. RateSetter has also shared that the Company processed over £43 million in January and states this is the most ever lent by any P2P platform… Read More

February 2, 2015 @ 11:34 pm By JD Alois  |  

Research from peer-to-peer lending platform, RateSetter, attacks the UK’s tendency to procrastinate – specifically with managing personal finances. The information was coordinated with RateSetter’s #MakeItPay promotional campaign. Ostensibly RateSetter decided to delve deeper into the procrastination habits that stymie people from making a change like dumping their bank and hooking… Read More

January 29, 2015 @ 10:15 pm By Midori Yoshimura  |  

  RateSetter, one of the UK’s largest peer-to-peer lending platform, recently began officially courting a new country’s market: Australia. In is first international expansion, the company launched into Australia in October 2014, and remains the “first and only company in Australia to provide peer-to-peer lending… Read More

January 21, 2015 @ 8:56 am By JD Alois  |  

These days it may make sense to keep your money under your mattress as opposed to placing it in a bank savings account. After you get through the miscellaneous fees, a savers rate of return can easily go negative.  At least the mattress won’t charge… Read More

January 6, 2015 @ 7:57 am By JD Alois  |  

Peer to peer lender RateSetter has commented on the closing of the Bank of England’s / Prudential Regulation (BOE & PRA) Authority consultation paper which was opened for comments this past October.  The consultation paper delineates proposed changes in order to implement the Deposit Guarantee… Read More