RateSetter

RateSetter

Ratesetter Key Information

Founded: November 2009
Company No: 7075786
Permission: Fully Authorised
FCA Number: 633741

Account Details

Account Types: General Investment Account (GIA) and Innovative Finance ISA (IFISA)
IFISA Status: Available
Investment Structure/Bid Type: Autobid
Loan Type: Consumer, Property, Business

Products

Rolling Market

Investors are matched to loans with terms between 6 months and 5 years. Investors can access their money freely as long as there are funds on the market to replace the commitments. If there are not, borrowers will repay throughout the term.

Term: Ongoing
Min Investment: £10
Max Investment: No Max
Advertised Rate: 3.0%

1 Year Market

Investors are matched to loans with terms up to 1 year. To access funds early, investors will be charged an early withdrawal fee, reducing the interest earned to that of the Rolling Market.

Term: 1 year
Min Investment: £1,000
Max Investment: No Max
Advertised Rate: 4.1%

5 Year Market

Investors are matched to loans with terms up to 5 years. To access funds early, investors will be charged an early withdrawal fee, reducing the interest earned to that of the 1 Year or Rolling Market.

Term: 5 years
Min Investment: £10
Max Investment: No Max
Advertised Rate: 5.3%

Financial Summary

31st December 2016 31st December 2015
Revenue £18,458,205 £12,571,797
Loss -£4,447,613 £435,852
Net Assets £24,112,287 £28,122,808
Cash Position £15,394,441 £25,821,535

RateSetter’s revenue increased 47% in 2016, driven by increased value of loan originations. RateSetter is still operating at a loss due to investment in growth objectives.