P2P platform lends over £30m in 1 month
By Chanice HenryRateSetter celebrates its fourth birthday as it lends £30 million in September alone
Section: P2P
RateSetter celebrates its fourth birthday as it lends £30 million in September alone.
The peer to peer (P2P) platform lent over £30 million in September, which it claims is a first for the industry. Its first week of September recorded £8 million of this.
According to Altfi data, Ratesetter harbours around 16 per cent market share in the P2P industry.
The award-winning Ratesetter, charts that the P2P lending industry, which is expanding at a fast rate, is expected to pass £45 billion in lent funds within a decade.
Rhydian Lewis, Founder and Chief Executive of RateSetter, said: “We’re delighted to be hitting these fantastic milestones as we celebrate our fourth birthday as the UK’s number one P2P lender.”
Keywords: p2p. peer to peer, funds, loan, Figures, ratesetter, rhydian lewis, funding circle,