# RateSetter

**Source:** https://www.startuphub.ai/startups/ratesetter
**Profile type:** Startup

> A peer-to-peer lending platform connecting investors with borrowers for consumer and business loans.

## About

RateSetter was a UK-based peer-to-peer lending company founded in 2010. It facilitated loans between individual investors and borrowers, offering services like a provision fund to mutualize risk. The company operated in the UK and Australia until its acquisition by Metro Bank in 2020.

## Key facts

- **Slug:** ratesetter
- **Website:** https://www.ratesetter.com/
- **Location:** London, United Kingdom
- **Founded:** 2010-01-01
- **Operating status:** Active
- **Total funding:** $61M
- **Sectors / tags:** Fintech, Lending, Peer-to-peer lending
- **Social:**
  - Twitter: https://x.com/RateSetter

## Frequently asked

### What does RateSetter do?

RateSetter was a UK-based peer-to-peer lending company founded in 2010. It facilitated loans between individual investors and borrowers, offering services like a provision fund to mutualize risk. The company operated in the UK and Australia until its acquisition by Metro Bank in 2020.

### What is RateSetter's revenue?

StartupHub estimates RateSetter's annual revenue at $7.0M (range $1.4M to $29.0M, 30% confidence), based on comparable companies in the sector.

### What is RateSetter's valuation?

StartupHub estimates RateSetter's effective valuation at $397.0M (range $120.0M to $575.6M, 42% confidence), based on comparable companies in the sector.

### How much funding has RateSetter raised?

RateSetter has raised a total of $61M in funding. The most recent round on record is Venture Round.

### Where is RateSetter headquartered?

RateSetter is headquartered in London, United Kingdom.

### When was RateSetter founded?

RateSetter was founded in 2010.

### What industry does RateSetter operate in?

RateSetter operates in Fintech, Lending, Peer-to-peer lending.

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