RateSetter Overview

  • Year Founded
  • 2010

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 75

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $15.8M

RateSetter General Information

Description

Developer of a peer-to-peer lending platform intended to help lenders manage the risk of borrower's default. The company offers a platform offers both consumer and business loans from investors as well as helps borrowers to pay a risk-adjusted premium and reimburses investors in the event of default, thereby enabling borrowers to avail funding to access better returns through peer lending.

Contact Information

Website
www.ratesetter.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 55 Bishopsgate
  • 6th Floor
  • London EC2N 3AS
  • England, United Kingdom
+44 020
Primary Industry
Financial Software
Other Industries
Consumer Finance
Other Financial Services
Parent Company
Metro Bank
Vertical(s)
SaaS, TMT, FinTech
Corporate Office
  • 55 Bishopsgate
  • 6th Floor
  • London EC2N 3AS
  • England, United Kingdom
+44 020

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RateSetter Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Merger/Acquisition 14-Sep-2020 $15.8M Completed Generating Revenue
9. Later Stage VC 29-Jul-2020 Completed Generating Revenue
8. Later Stage VC 07-Dec-2018 Completed Generating Revenue
7. Later Stage VC 22-Jun-2017 Completed Generating Revenue
6. Early Stage VC 30-Mar-2015 Completed Generating Revenue
5. Debt - General 14-Jul-2014 Completed Generating Revenue
4. Angel (individual) 01-Jul-2013 Completed Startup
3. Angel (individual) 21-Dec-2012 Completed Startup
2. Angel (individual) 16-May-2011 $987K $2.32M Completed Startup
1. Angel (individual) 07-Oct-2010 $1.33M $1.33M Completed Startup
To view RateSetter’s complete valuation and funding history, request access »

RateSetter Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
A Ordinary
A Ordinary
B Ordinary
A Ordinary
Ordinary 7
Ordinary 6
Ordinary 5
Ordinary 4
Ordinary 3 732,629 $0.000001 $9.33 $9.33 1x $9.33 11.28%
Ordinary 2 603,858 $0.000001 $3.44 $3.44 1x $3.44 9.3%
To view RateSetter’s complete cap table history, request access »

RateSetter Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a peer-to-peer lending platform intended to help lenders manage the risk of borrower's default. The company
Financial Software
London, United Kingdom
75 As of 2021

Chicago, IL
 

Reston, VA
 
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RateSetter Competitors (37)

One of RateSetter’s 37 competitors is Avant (Chicago), a Private Equity-Backed company based in Chicago, IL.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Avant (Chicago) Private Equity-Backed Chicago, IL
Fundation Formerly PE-Backed Reston, VA
Ezbob Private Equity-Backed London, United Kingdom
Republic Europe Formerly VC-backed London, United Kingdom
Propel(x) Venture Capital-Backed San Mateo, CA
You’re viewing 5 of 37 competitors. Get the full list »

RateSetter Patents

  • 6

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

RateSetter Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
GB-201013475-D0 A retail contract matching system Inactive 11-Aug-2010
US-20130226766-A1 Retail contract matching system Inactive 11-Aug-2010
EP-2603896-A1 A retail contract matching system Inactive 11-Aug-2010
EP-2603896-A4 A retail contract matching system Inactive 11-Aug-2010
AU-2011288966-A1 A retail contract matching system Inactive 11-Aug-2010 G06Q40/04
To view RateSetter’s complete patent history, request access »

RateSetter Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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RateSetter Former Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds
Artemis Ventures Venture Capital Minority
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
You’re viewing 5 of 8 investors. Get the full list »

RateSetter Investments & Acquisitions (7)

RateSetter’s most recent deal was a Merger/Acquisition with Adpod. The deal was made on 06-Dec-2017.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Adpod 06-Dec-2017 Merger/Acquisition Media and Information Services (B2B)
Sabio Salesforce Practice 12-May-2017 Later Stage VC Business/Productivity Software
Vehicle Trading Group 09-May-2017 Merger/Acquisition Other Financial Services
George Banco 02-May-2017 Secondary Transaction - Private Other Financial Services
Vehicle Credit Limited 02-May-2017 Merger/Acquisition Other Financial Services
You’re viewing 5 of 7 investments and acquisitions. Get the full list »

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RateSetter FAQs

  • When was RateSetter founded?

    RateSetter was founded in 2010.

  • Where is RateSetter headquartered?

    RateSetter is headquartered in London, United Kingdom.

  • What is the size of RateSetter?

    RateSetter has 75 total employees.

  • What industry is RateSetter in?

    RateSetter’s primary industry is Financial Software.

  • Is RateSetter a private or public company?

    RateSetter is a Private company.

  • What is the current valuation of RateSetter?

    The current valuation of RateSetter is .

  • What is RateSetter’s current revenue?

    The current revenue for RateSetter is .

  • How much funding has RateSetter raised over time?

    RateSetter has raised $96.3M.

  • Who are RateSetter’s investors?

    Artemis Ventures, , , , and are 5 of 8 investors who have invested in RateSetter.

  • Who are RateSetter’s competitors?

    Avant (Chicago), Fundation, Ezbob, Republic Europe, and Propel(x) are some of the 37 competitors of RateSetter.

  • When was RateSetter acquired?

    RateSetter was acquired on 14-Sep-2020.

  • Who acquired RateSetter?

    RateSetter was acquired by Metro Bank.

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