RateSetter is a peer-to-peer lending website that allows its users to lend and borrow money directly from each other according to their own interest rates. It cuts the cost of borrowing and enables those who are already in debt to get out of their debts quicker, while at the same time increasing returns for savers. The website allows savers to invest a minimum amount of £100 and borrowers get loans of up to £20,000
Discussion
Fintastico Team
1 week
https://www.crowdfundinsider.com/2021/01/171053...
RateSetter to Reportedly No Longer Process New Transfer-in ISAs Requests From Other Providers; No New IFISA Accounts Will be Opened for Existing Customers
RateSetter, a leading UK based peer to peer lender, is reportedly telling investors that starting at the end of January 2021, it will no longer process any new transfer-in ISAs requests from other providers. According to P2PFinance News, the online lender stated it will
Fintastico Team
1 week, 5 days
https://thefintechtimes.com/2021-digital-transf...
Fintastico Team
2 weeks, 4 days
https://www.altfi.com/article/7401_2020-in-fint...
2020 in Fintech and Alternative Finance: Part 1 - AltFi
Coping with market chaos caused by Covid-19 was the pivotal fintech and alternative finance theme in H1 2020.
Fintastico Team
2 weeks, 5 days
https://thefintechtimes.com/investment-banking-...
Fintastico Team
3 weeks, 6 days
https://www.crowdfundinsider.com/2020/12/170476...
Robocash Reports that 40% of Investors Allocated Over €20,000 on P2P Platforms, According to a New Survey
Robocash reports that 40% of investors allocated more than €20,000 on P2P platforms, according to a new survey.
Fintastico Team
4 months, 3 weeks
https://www.crowdfundinsider.com/2020/08/165591...
Assetz Capital CEO Claims the UK's Residential Property Sector will be the Primary Beneficiary from COVID-19's Impact on Retail Industry
Assetz Capital CEO claims the UK's residential property sector will be the primary beneficiary from COVID-19's impact on retail industry.
Fintastico Team
5 months, 4 weeks
https://www.crowdfundinsider.com/2020/07/164335...
36H Group and the Future of Fintech: We should leverage the innovation in financial services and use it to enable economic recovery
The 36H Group launched in January of 2020 as the unified voice for lending platforms that accept retail investments. 36H replaced the UK Peer to Peer Finance Association, a group that had long been a prominent advocate for the emerging P2P lending sector - a
Fintastico Team
6 months, 2 weeks
https://www.finextra.com/blogposting/18950/surv...
Survive and Accelerate: Marketplace lenders’ varied paths to the next growth stage post-Coronavirus
Rising unemployment, small business failures, and impending recession pose an existential threat to ...
Fintastico Team
7 months
https://www.lendacademy.com/top-10-fintech-news...
Top 10 Fintech News Stories for the Week Ending June 20, 2020 - Lend Academy
We are making a change this week in how the weekly news roundup is presented. What we will be doing from now on is sharing what I consider to be the top 10 most important news stories of the past week (in no particular order). Upgrade raises $40 million at a $1 billion valuation from …
Fintastico Team
7 months
https://www.fintechfutures.com/2020/06/monzo-co...
Monzo co-founder joins new UK challenger bank GBB as non-exec chair
The soon-to-be bank will offer property development loans.
Fintastico Team
7 months
https://www.businessinsider.com/fintech-compani...
These are the top fintech companies and startups in 2020
The most innovative financial services providers with the BI list of top fintech startups and financial technology companies. Stay on top of the future of financial technology.
Fintastico Team
7 months
https://www.crowdfundinsider.com/2020/06/162773...
British Banking Group Metro Bank Reportedly in Talks to Acquire P2P Lending Platform Ratesetter
UK-based banking group and lender Metro Bank is reportedly in advanced talks to purchase p2p lending platform Ratesetter. According to Sky News, the duo has entered into exclusive discussions about the acquisition. Founded in 2010, RateSetter states it offers a “simple and accessible way” to
Fintastico Team
7 months
https://www.fintechfutures.com/2020/06/metro-ba...
Metro Bank in talks to acquire UK P2P lender RateSetter
RateSetter would be bought up at "a knockdown valuation".
Fintastico Team
7 months
https://www.americanbanker.com/morning-scan/ppp...
Fintastico Team
7 months
https://www.americanbanker.com/articles/u-k-s-m...
U.K.'s Metro Bank in talks to buy P-to-P lender RateSetter
Metro Bank is early-stage talks to buy a peer-to-peer lender, aiming to grow in unsecured lending as the troubled British company's mortgage business comes under pressure.
Fintastico Team
7 months
https://www.finextra.com/newsarticle/36014/metr...
Metro Bank in talks to buy P2P lender RateSetter
Metro Bank has confirmed that it is in exclusive talks to buy the UK's biggest P2P lender RateSetter.
Fintastico Team
7 months, 2 weeks
https://www.altfi.com/article/6654_fintechs-new...
Fintech's new era didn't begin with COVID-19 - AltFi
Roughly a decade after start-ups began upending financial services, a new period of innovation seems to be occurring with many early movers now in the hands of new leaders, investors and customers. Then along came the coronavirus.
Fintastico Team
7 months, 2 weeks
https://www.crowdfundinsider.com/2020/06/162209...
RateSetter's CEO Rhydian Lewis Says COVID-19 Is the P2P Lending Sector's First 'Major' Crisis, Its Focus Is 'Entirely' on Customers
RateSetter's CEO Rhydian Lewis says COVID-19 is the P2P lending sector's first "major" crisis, its focus is "entirely" on customers.
Fintastico Team
7 months, 3 weeks
https://www.crowdfundinsider.com/2020/05/162108...
Fintastico Team
8 months, 2 weeks
https://www.finextra.com/newsarticle/35762/rate...
RateSetter slashes interest payouts as P2P lenders rush for cover
The UK's biggest P2P lender RateSetter has slashed the interest rate paid to investors by 50% as it prepares for a wave of defaults under Covid-19.
Fintastico Team
8 months, 2 weeks
https://www.crowdfundinsider.com/2020/05/161005...
RateSetter Announces Increase Provision & Temporarily Reduces Interest Rates During COVID-19 Pandemic
UK-based peer-to-peer lender RateSetter announced on Monday a temporary 50% reduction in interest. This interest will go to the Provision Fund. This course of action was done due to the COVID-19 pandemic. Speaking about the COVID-19 effects on borrowers, the RateSetter team stated: “As of today,
Fintastico Team
8 months, 2 weeks
https://www.crowdfundinsider.com/2020/05/161005...
Fintastico Team
8 months, 3 weeks
https://www.crowdfundinsider.com/2020/04/160637...
UK-based RateSetter, a Peer to Peer Lender, Says it's Still Lending, but at a 'Much-Reduced Level' Following COVID-19 Outbreak
UK-based RateSetter, a peer to peer lender, says it's still lending, but at "a much-reduced level" following COVID-19 outbreak.
Fintastico Team
9 months, 1 week
https://www.crowdfundinsider.com/2020/04/159900...
RateSetter Completes Two Sales Of Non-Performing Loans With Combined Proceeds of £4.65 Million Added Into the Provision Fund
UK-based peer-to-peer lender RateSetter announced on Tuesday it completed two sales of non-performing loans, with the combined proceeds of £4.65m added into the Provision Fund. According to RateSetter, the debt sale process started in December 2019 and the lender was not needing to reduce its