Mario Lupori

RateSetter's Isa attracts more than £250m in subscriptions

RateSetter has revealed that its Isa has attracted over £250m in subscriptions by the end of June.

The P2P lender’s RateSetter Isa — which was launched in February 2018 — received £50m of Isa inflows in the last three months alone.

More than 600,000 customers have used RateSetter to invest or borrow and it has originated £3.3bn of loans, which has generated over £135m in returns for investors to date.

Mario Lupori, chief investments officer at RateSetter (pictured above), said: “Only 18 months ago the RateSetter Isa was an unknown quantity, but now the numbers speak for themselves.

“Our Isa has quickly attracted £250m and with a combination of steady, tax-free returns and well-managed risk, it is becoming a real alternative to cash Isas.

“It’s clear that P2P investing is becoming a mainstream investment option.”

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