New investor offer: £100 bonus when you invest £1,000+. Terms apply.

Your Money Could Do Better, Invest It With RateSetter.

We make investing better by enabling investors to access better returns through peer to peer lending.

RateSetter was founded in 2010 by Rhydian Lewis and Peter Behrens to give people the opportunity to earn more on their money. They wanted to address the investment gap between cash and shares and make better returns accessible to everyone in a simple and modern way.

Since then, RateSetter investors have lent over £3,018,969,322 and earned £121m million in interest. RateSetter has grown to a team of 200 people based in London and Leicester operating across the whole of the UK. RateSetter is chaired by Paul Manduca, who is also the Chairman of Prudential plc.

Investing with RateSetter is:

Simple - You simply choose how much to invest (you can invest from £10 up to £1,000,000s) and the access you require; the Rolling Market offers flexibility while the 1 Year and 5 Year markets offer longer term growth and income opportunities.

Fast - Your money can be put to work within minutes. The RateSetter markets match investors with borrowers quickly and efficiently and enable your money to earn continuously.

Clear – You can access our portfolio’s full, real-time performance information at our Data Hub.

Balanced – Your money is invested in a diversified portfolio of loans to individuals, businesses and property developers, balanced across different borrower types and sectors.

Protected by the Provision Fund – which provides a buffer against poorly performing loans. The Provision Fund has a 100% track record, with every individual RateSetter investor receiving back every penny they expected, but this does not provide a guarantee.

Better returns statement based on the current available highest paying Cash ISA rate on being 2.26% as of ​03/​12/​2018 versus RateSetter's 5 year market 30 day average of 6.4%.

Key Facts

  • Launched in the UK in 2010

  • Backed by angel investors and major fund managers, Woodford and Artemis

  • First globally to launch Rolling and 1 Year lending markets

  • First globally to launch a Provision Fund

  • First to diversify across both consumer and commercial lending

  • Launched in Australia in 2014

  • Founding provider of loan portfolio and returns data to AltFi Data in 2015, a major boost to industry transparency

  • FCA regulated in 2014

  • Became member of the Finance & Leasing Association in 2016

  • 100% track record: not a penny lost by an investor since our launch in 2010. While this is a track record we want to maintain, please note that past performance does not provide a guarantee for the future.

  • Investors: 75,206

  • Borrowers: 465,522

  • Amount invested: from £10 to £1m+ (average £21,953)

  • Amount lent in the last year: £725m


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Executive Team

Rhydian Lewis, Chief Executive Officer

Oversees strategy, manages the Executive Committee and represents RateSetter with external stakeholders. Rhydian founded RateSetter to provide a new investment choice that sits between savings and shares. He has pioneered innovations including the Provision Fund model, which makes investing simple and relatively low risk. He was awarded an OBE for innovation in financial services, specifically with regard to opening up access to returns to everybody. Prior to RateSetter, he spent six years at the financial advisory and asset management firm Lazard.

Angela Yotov, General Counsel

Oversees all legal and governance matters in relation to the RateSetter platform and company. Angela has worked at law firms Freshfields and Latham & Watkins and spent nine years in-house at Barclays.

Harry Russell, Chief Financial Officer

Oversees finance, compliance and HR. Harry joined RateSetter from KPMG, where he spent seven years in their financial and operational restructuring team. Prior to that, he spent three years in the audit team at PwC, where he qualified as a Chartered Accountant.

Jon Hodge, Chief Operating Officer

Oversees the RateSetter technology and operations platform and supports the wider operating quality and efficiency of the business. Jon is a Chartered Accountant and worked in the Financial Services & Corporate Finance teams at PwC, having begun his career in the British Army.

Mario Lupori, Chief Investments Officer

Oversees the investor side of the RateSetter platform, responsible for product, distribution, marketing and customer management. Mario has over 10 years’ experience in financial services at NewDay and Barclaycard.

Michael Hoare, Chief Credit Officer

Oversees credit policy, decisioning and analytics for the RateSetter platform, as well as anti-fraud measures. Mike joined RateSetter from PayPal UK, where he was Chief Credit Officer, before which he worked at Capital One.

Peter Behrens, Chief Lending Officer

Oversees the borrower side of the RateSetter platform, responsible for borrower origination and strategy. Before co-founding RateSetter, Peter trained and practised as a lawyer at Ashurst and worked as a banker at RBS.

Women in Finance Charter

RateSetter supports the Women in Finance Charter, which is a pledge for gender balance across financial services. We signed this in early 2017. We do this because we believe in the value of diversity and equality of opportunity, alongside our belief in meritocracy and always trying to choose the best person for the job. Currently, around one third of those in senior management positions at RateSetter are women and we aim to ensure this level does not drop below a quarter at any time over the next five year period.


The Board consists of the Executive Directors Rhydian Lewis, Peter Behrens and Harry Russell and the Non-Executive Directors listed below.

Paul Manduca, Chairman

Paul chairs the Board at RateSetter. He is also Chairman of Prudential plc. His career in asset management included founding Threadneedle Asset Management and serving as CEO at both Rothschild Asset Management and Deutsche Asset Management. As a non-executive, Paul has held senior positions in both financial services and other sectors, including at Wm Morrison. He also chairs the Advisory Council of TheCityUK. Paul joined the RateSetter Board in June 2017 and became Chairman in July 2017.


Ian Boyce, Non-Executive Director

Ian held a number of senior positions in Hong Kong before his return to the UK in 2014. He was CEO of Schroders Asia and later Non-Executive Chairman of Schroder Investment Management (HK), Chairman of a substantial family office, a non-executive director of CLP Holdings, and Deputy Chairman of Hong Kong & Shanghai Hotels and a member of its Audit Committee. Ian joined the RateSetter Board in July 2014.


Stuart Bridges, Chair of Audit Committee

Stuart is the Chief Financial Officer at Control Risks, the specialist risk consultancy. Prior to joining Control Risks he was the Chief Financial Officer at Nex Group (previously ICAP) which he joined after some sixteen years as Chief Financial Officer at Hiscox. Before Hiscox, Stuart held positions in various financial services companies in the UK and the US including Janus Henderson Investments. A chartered accountant, he has an MA in engineering from Gonville and Caius College, Cambridge. Stuart is a Non-Executive director and chair of the audit committee of Caledonia Investments plc and a member of the Finance Committee of the Royal Institution. Stuart joined the RateSetter Board in September 2018.


Jim Gunner, Chair of Risk Committee

Jim has spent his career to date in banking, most of it specialising in risk management. He was senior executive for group risk at HSBC Holdings plc, representing the group in international banking and regulatory forums and was a frequent speaker at industry events worldwide, in particular those hosted by the International Institute of Finance. He held senior positions in the credit or risk functions in Midland Bank, HSBC (UK) and Merrill Lynch HSBC and represented HSBC at the British Bankers’ Association for many years. He was also seconded as a consultant to the Financial Services Authority. Jim joined the RateSetter Board in March 2016.