Peer-to-peer (P2P) lending platforms in the U.K. are asking the government for help to continue lending after the coronavirus has ravaged markets around the world, according to a report by the Financial Times. One of the biggest P2P lenders in the U.K., RateSetter, has over...
The U.K. watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The Financial Conduct Authority is looking to tighten up oversight over...
When the story of a business begins with “the first loan was written from my bedroom in Fulham, London,” you know that business’ story has got to be a good one. That bedroom was Rhydian Lewis’, who founded RateSetter and is its current CEO. “We’ve passed...
Reports that surfaced last month hinting at RateSetter‘s entrance into the corporate lending space appear to have been true. According to Financial Times, the U.K. peer-to-peer lender has secured government approval to begin lending to small and medium-sized enterprises this week. Reports on Sunday (June 12)...
August 03, 2020
London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 million ($3.27 million) upfront. Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Those are: £500,000 will be paid one year after the deal closes and £9 million after three years, if RateSetter, also […]
March 23, 2020
Peer-to-peer (P2P) lending platforms in the U.K. are asking the government for help to continue lending after the coronavirus has ravaged markets around the world, according to a report by...
July 27, 2018
The U.K. watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to...
