Alternative Finance Sites
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Ratesetter launched in the UK in 2010. A number of investors included major investment fund managers, Woodford Investment Management and Artemis. Ratesetter were the first globally to launch a monthly and 1 year lending market. They were also the first globally to launch a Provision Fund. They were a founding member of the Peer-to-Peer Finance Association in 2011. Ratesetter launched in Australia in 2014. They currently have a 100% track record - no lender has lost a penny since launch in 2010. Ratesetter currently have; 33,577 active lenders, 196,007 active borrowers, £4,712 average amount borrowed, £21,449 average amount lent and over £535m lent in the last year.
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