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Peer-to-peer lender RateSetter passes £2 billion lending milestone





Rhydian Lewis, RateSetter CEO

LONDON — Peer-to-peer lender RateSetter announced on Monday that it has passed £2 billion in loans over its platform, with more than £1 billion of the total made since the beginning of 2016.

Founded in 2010, RateSetter allows ordinary people looking to lend their money directly to businesses and individuals over its online platform.

About £1.3 billion of the total lent has gone to individuals, with £700 million going to businesses. The company now has 423,000 customers, the majority of whom are borrowers, more than any other UK peer-to-peer lender.

CEO and Founder Rhydian Lewis says in a statement: “Less than seven years read more >>>

Source:: BusinessInsider.Com

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