RateSetter

RateSetter is a peer-to-peer lender which connects investors with creditworthy borrowers. By using technology to replace traditional middlemen and reduce the costs of providing financial services, RateSetter allows investors and borrowers to transact together and share the benefits. RateSetter was established in Australia in 2012 and launched to the Australian public in 2014. It is locally owned and managed, and is backed by the RateSetter group, Carsales Limited, Stratton Finance, Five V Capital as well as other investors. RateSetter was the first Australian peer-to-peer lending platform to open to retail investors. The RateSetter group was founded in the United Kingdom in 2009 and has grown to become the largest peer-to-peer lender in Europe. To date it has facilitated more than 520,000 loans totalling over $4.0 billion. RateSetter was the first peer-to-peer lender to introduce a provision fund, in order to help protect investors from borrower late payments or default. As a result of the provision fund, and other risk mitigation strategies, all lenders have received their principal and interest repayments in full. RateSetter is regulated by ASIC, and holds an Australian financial service licence (number 449176) as well as an Australian credit licence (number 449176). Peer-to-peer lending is not without risk. RateSetter takes its legal and compliance obligations seriously. Please read the Product Disclosure Statement for the RateSetter Lending Platform before deciding to invest.