RateSetter
RateSetter's Overview
RateSetter was a prominent peer-to-peer (P2P) lending company founded in the UK in 2010. It facilitated lending between individuals and businesses, offering competitive rates for both borrowers and lenders. Known for its innovative 'Provision Fund' designed to mitigate lender losses, RateSetter grew to be one of the 'big three' P2P lenders in the UK. In August 2020, Metro Bank PLC acquired RateSetter. Following the acquisition, RateSetter ceased taking new P2P investments from retail investors in early 2021, with its focus shifting to managing the existing loan book and integrating its lending technology and unsecured loan products into Metro Bank's offerings. The RateSetter brand continues to be used by Metro Bank for certain loan products.
Where is RateSetter's Headquarters?
HQ Function
Served as the central hub for technology development, risk assessment, customer service, marketing, and overall business operations for its peer-to-peer lending platform.
Notable Features:
Modern office space located within London's financial district, designed to support a dynamic fintech environment.
Work Culture:
Characterized by innovation, a fast-paced environment typical of a financial technology scale-up, with a strong focus on customer experience and disrupting traditional finance.
HQ Significance:
The London HQ was pivotal in establishing RateSetter's brand, developing its proprietary lending platform, and navigating the evolving regulatory landscape for P2P lending in the UK.
Values Reflected in HQ: The headquarters likely aimed to reflect values of transparency, efficiency, and innovation in financial services.
Location:
RateSetter's primary market and operational focus was the United Kingdom. It offered its peer-to-peer lending and borrowing services to UK residents and businesses. While RateSetter Australia existed, it was a separate venture operating under a brand license. Post-acquisition by Metro Bank, its products and technology are integrated within Metro Bank's UK operations.
Street Address:
55 Bishopsgate (a known former address, actual final HQ might vary)
City:
London
State/Province:
England
Country:
United Kingdom
RateSetter's Global Presence
Primarily London-based
Address: N/A - Operations were largely centralized.
Focus was on UK-wide digital service delivery rather than a network of physical branches or regional offices.
Buying Intent Signals for RateSetter
Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.
Executive Team of RateSetter
As of April 2025, RateSetter' leadership includes:
Investors of RateSetter
RateSetter has been backed by several prominent investors over the years, including:
Executive New Hires/Exits in the Last 12 Months
As RateSetter was acquired by Metro Bank in 2020 and its operations fully integrated, there have been no independent executive hires or exits for RateSetter as a standalone entity in the last 12 months. Key transitions occurred around the acquisition period.
Departures
New Appointments:
Technology (Tech Stack) used by RateSetter
Discover the tools RateSetter uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
RateSetter Email Formats and Examples
Historically, RateSetter likely used common corporate email structures. Post-acquisition by Metro Bank, communications related to RateSetter-branded products would follow Metro Bank's communication protocols. The original @ratesetter.com domain is still active but primarily redirects to Metro Bank.
Common formats included [first].[last]@ratesetter.com or [first_initial][last]@ratesetter.com.
Format
john.doe@ratesetter.com
Example
75%
Success rate
News and media
P2P Finance News • February 2, 2021
RateSetter officially closes to retail P2P investors
RateSetter has officially closed its platform to new retail peer-to-peer investors, following its acquisition by Metro Bank. Existing investors can still manage their accounts and make withdrawals....more
Metro Bank PLC • August 3, 2020
Metro Bank to acquire RateSetter
Metro Bank PLC announced it has agreed to acquire RateSetter, a leading UK peer-to-peer lender, for an initial consideration of £2.5 million, plus up to £0.5 million post-completion, and additional consideration of up to £9.0 million payable 12 months post-completion, subject to the satisfaction of certain key performance criteria....more
Finextra • October 7, 2020
Metro Bank launches personal loans using RateSetter platform
Metro Bank has begun offering unsecured personal loans to customers using the platform of recently-acquired P2P outfit RateSetter....more
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