RateSetter (Retail Money Market Ltd.)

RateSetter is the market leader in the burgeoning UK P2P sector. It offers a ground-breaking proposition that lets savers and borrowers set the interest rates they want via a safe and fair online platform.

Its pioneering Provision Fund was the first of its type in the P2P industry in the UK to help protect savers against the risk of borrower default. It is also the largest at over £8m and no saver has lost a penny since its 2010 launch, a unique feat amongst the major P2P platforms.

RateSetter is the future of the savings and loans market – no banks, low fees and market-beating rates. It has a range of market-beating savings rates over one month, one-, three- and five-years.

RateSetter is an entrepreneurial company, established in October 2010, with the aim of improving the options for Britain’s savers and borrowers. The business grew at 219% in 2013 compared to overall sector growth of 107% (Nesta figures), making it the fastest growing major peer-to-peer company in the UK. In March 2014, it became the largest UK P2P lender by monthly volume and has increased this lead month on month.

Our goals are:

- To improve returns for savers, allowing them to lend
- To improve access to competitively priced loans for credit-worthy borrowers
- To achieve these goals in a safe, fair, reliable and efficient manner.

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No lobbyists with EP accreditations

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None declared

Mr Rhydian Lewis (CEO)

II - In-house lobbyists and trade/business/professional associations

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