RateSetterrevenue, acquisition & funding
Venture CapitalLondon, England, United KingdomFounded 2010
RateSetter was acquired by Metro Bank.
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.
RateSetter revenue
RateSetter's annual revenue was $43.1M in December 2020, its last figure before Metro Bank bought it (source not recorded). That is down 8% from $47.1M a year earlier.
All 2 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Dec 2019 | $47.1M | – |
| Dec 2020 | $43.1M | – |
– source not recorded
Who owns RateSetter
Metro Bank owns RateSetter. The date and price of the deal are not on record.
RateSetter funding rounds & investors
RateSetter has raised $59.9M across three rounds since 2014. The latest was a $18.1M funding round in May 2017.
| Date | Round | Raised |
|---|---|---|
| May 2017 | Funding round | $18.1M |
| Mar 2015 | Funding round | $27.8M |
| Jul 2014 | Funding round | $13.9M |
| Total raised | $59.9M |
RateSetter CEO, founders & employees
Rhydian Lewis founded RateSetter in 2010 and led it as CEO. RateSetter had 196 employees (April 2021).
- Rhydian LewisFounder & CEO
RateSetter FAQ
What was RateSetter's revenue?
Before Metro Bank bought it, RateSetter's annual revenue was $43.1M in December 2020 (source not recorded).
Who owns RateSetter?
Metro Bank owns RateSetter.
How much funding has RateSetter raised?
RateSetter raised $59.9M across three funding rounds before Metro Bank bought it. The last was a $18.1M funding round in May 2017.
How many employees does RateSetter have?
RateSetter had 196 employees in April 2021.
Who founded RateSetter?
Rhydian Lewis founded RateSetter in 2010.
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How this page is sourced
Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Feb 7, 2022Data disclaimerReport a correctionClaim this profileRun RateSetter? Join the podcast