The launch comes as RateSetter approaches £30m in loans facilitated. RateSetter has seen huge growth in recent months with £10m matched since April alone in the wake of the banking scandal and the decision by the Bank of England to retain record low interest rates.
RateSetter launched in October 2010, six years after the industry leader, bringing a crucial innovation in the form of the Provision Fund, a compensation pot which has ensured every saver has received every penny; a unique feat in peer-to-peer lending.
RateSetter founder and CEO Rhydian Lewis said:
“This website marks the launch of RateSetter 2.0 and is a significant step change as we look to improve our service for both borrowers and lenders. People now understand that peer-to-peer lending is safe and efficient means of getting a fair return on their savings, and thanks to our unique Provision Fund, RateSetter is at the heart of this financial revolution’.
