RateSetter revenue hit $43.1M in 2024

RateSetter generates revenue from 750000 customers

RateSetter

London, England, United Kingdom

About Company RevenueFundingTeamFounder/CEOCustomersCEO Net Worth

How RateSetter hit $43.1M revenue and 750K customers in 2020.

RateSetter is a provider of a peer-to-peer lending platform. The company offers a way for businesses to borrow money from consumers. It allows people to lend and borrow money directly with each other by setting their own interest rates. It was founded in 2009 and is headquartered in London, United Kingdom. The company seeks to acquire businesses through mergers, acquisitions and investments which would help the firm to expand and consolidate its presence in the industry.

Founded

2010

Founded

Revenue

$43.1M

2020 Revenue

YOY

-8.39%

YOY

Funding

$59.9M

Funding

RateSetter Revenue

In 2020, RateSetter revenue run rate hit $43.1M in revenue.

  • 2020

    RateSetter hit $43.1M in revenue in 2020

  • 2019

    RateSetter hit $47.1M in revenue in 2019

  • 2010

    RateSetter launched in 2010 with $0 revenue

RateSetter Funding History

  • 2020

    RateSetter raised a of in August, 2020

  • 2017

    RateSetter raised a of in May, 2017

  • 2015

    RateSetter raised a of in March, 2015

  • 2014

    RateSetter raised a of in July, 2014

FUNDING DATE ROUND AMOUNT VALUATION
August, 02 2020
May, 30 2017
March, 30 2015
July, 14 2014

Team

RateSetter has 196 total employees. They have 750,000 customers

DISTRIBUTION QTY
Total team size 196

Founder / CEO

Rhydian Lewis

Rhydian is responsible for leading RateSetter, which was acquired by Metro Bank in 2020. Rhydian founded RateSetter in 2010 to make lending simple and accessible. It became an award-winning peer-to-peer lending platform, attracting over three quarters of a million investors and borrowers and delivering £4 billion of lending and a market-leading consumer finance offering. Metro Bank acquired RateSetter as part of its strategy to deliver profitable growth and meet the needs of more customers as the UK’s best community bank. Prior to RateSetter, Rhydian worked at the investment bank Lazard. Rhydian received an OBE for services to financial services in 2017.

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Customers

Churn

RateSetter Executives

Name Position Working Email Personal Email
Rhydian Lewis CEO [email protected] -

RateSetter Employees

Name Position Working Email Personal Email
Rhydian Lewis CEO [email protected] -

Frequently Asked Questions about RateSetter

  • When was RateSetter founded?

    RateSetter was founded in 2010.

  • How much revenue does RateSetter generate?

    RateSetter generates $43.1M in revenue.

  • Who is the CEO of RateSetter

    The CEO of RateSetter is Rhydian Lewis.

  • How much funding does RateSetter have?

    RateSetter raised $59.9M.

  • How many employees does RateSetter have?

    RateSetter has 196 employees.

  • Where is RateSetter headquarters?

    RateSetter is headquartered at London, England, United Kingdom

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