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RateSetter raise £1.5million
RateSetter have announced they raised £1.5million in funding. Here is an except from their press release.
Leading peer-to-peer finance website RateSetter.com has announced the conclusion of a fundraising round which has seen the company raise £1.5m. The raise was oversubscribed and was completed in a matter of weeks. RateSetter.com launched in 2010 and matches Savers with creditworthy individuals looking for a personal loan. With 70,000 registered members RateSetter has matched over £10 million, with every lender receiving every penny of expected capital and interest.
This is good news for customers of RateSetter and it shows their backers have confidence in the business.