RateSetter passes £3bn lending milestone

RateSetter has announced that it has now originated more than £3bn of loans.

The P2P lending platform originated over £700m of new lending in 2018, while the amount of active loans under its management has grown to £820m.

To date, investors have lent £1.9bn to individuals and £1.1bn to businesses. 

Peter Behrens, chief lending officer at RateSetter (pictured above), said: “Eight years ago, we spotted the opportunity to make investing and borrowing better for everyone – and we remain as focused on that mission as ever.

“We are very proud that RateSetter has helped more than 600,000 investors and borrowers access better interest rates on the £3bn of lending that has been delivered through our platform. 

“£3bn is impressive, but we’re only getting started. 

“Our vision is to make RateSetter a household name for the millions of investors and borrowers across the UK that are seeking better value.”

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