Company Information

Get to know RateSetter

Founded in 2010, RateSetter was one of the United Kingdom's largest peer-to-peer lending companies. Its platform allowed individuals and institutions to lend money directly to consumer and business borrowers, bypassing traditional banks to offer potentially better rates for both parties. A key feature was its "Provision Fund," designed to reimburse lenders in the event of borrower defaults, a concept that helped build trust in the P2P market. In 2020, RateSetter was acquired by Metro Bank, which subsequently closed the platform to new investments and loans, officially ending its P2P operations. The RateSetter brand is now used by Metro Bank to service the remaining loan book.

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RateSetter

United Kingdom

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.