Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


The UK’s leading peer-to-peer platform breaks another record, lending £43 million in one month

Leading peer-to-peer (P2P) lender RateSetter has surpassed half a billion lent since launch in 2010. This latest milestone comes on the back of a year of rapid growth in 2014, which saw the business overtake competitors to become the industry leader in Europe.

In another market record, the Company lent over £43 million in January – the most ever lent by any P2P platform in a single month, smashing the previous record (also held by RateSetter) and amounting to nearly £10 million more than each of its closest rivals Zopa and Funding Circle.

RateSetter LogoThe business, set up less than five years ago, has capitalised on the nation’s growing dissatisfaction with traditional savings vehicles and grown a steady base of loyal and savvy customers looking to make more returns for their money.

2015 is a year of much anticipation in the P2P sector, particularly in light of Hargreaves Lansdowne’s entry into the market, in addition to the building momentum over the last year with significant developments such as FCA regulation and ISA inclusion.

Once considered an alternative finance option, P2P is at the forefront of a major evolution to the UK investment and savings landscape and is rapidly becoming a serious mainstream contender.

RateSetter’s Founder and CEO, Rhydian Lewis commented: “We’re on the brink of the most exciting change in the UK financial system in a generation, and we feel privileged that RateSetter is at the forefront of this change.

“Institutional investment, SME lending and new pensions freedoms will all further accelerate growth in the sector. As the industry matures we may well see a split in the market between platforms that transition towards institutional lending, in a similar manner to the US market, and those which remain consumer-focused at their heart.

“Our continued focus will be to act in the best interest of consumers, empowering investors to achieve greater returns with minimal risk.”