RateSetter passes £500m secondary market milestone

RateSetter has revealed that a cumulative total of £500m in liquidity has been provided to its investors via its secondary market.

The P2P lending platform said that it understood that sometimes an investor might want to access their investment funds early (before the borrower has repaid their loan in full) and it facilitates this via its secondary market.

“Liquidity is important to our customers, providing confidence that they can access their money quickly and easily; and also for the market more generally, allowing RateSetter to plan for growth,” said Mario Lupori, chief investments officer at RateSetter (pictured above).

“This milestone highlights how deep and liquid RateSetter’s market is.”

In November 2018, RateSetter appointed Mario as its first chief investments officer.

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