Ratesetter fund

Ratesetter is using Lazard and Peel Hunt to raise about £30m from investors before it plans to float, Sky News understands. one of the City's best-known fund managers.

RateSetter is a trading name of Retail Money Market Ltd (Company No. 7075792) and our registered office is at 6th Floor, 55 Bishopsgate, London EC2N 3AS. Authorised and regulated by the Financial Conduct Authority (Ref. 722768). Loans are subject to status and affordability, the rate and fee you pay will depend on your credit profile. Over 21s only. RateSetter operates a contingency fund called the “Provision Fund”. A summary of our policy for managing and overseeing the Provision Fund is set out below. The Provision Fund exists to protect RateSetter investors. It protects all investors equally and so has the effect of mutualising the risk for all investors RateSetter is a trading name of Retail Money Market Ltd (Company No. 7075792) and our registered office is at 6th Floor, 55 Bishopsgate, London EC2N 3AS. Authorised and regulated by the Financial Conduct Authority (Ref. 722768). Loans are subject to status and affordability, the rate and fee you pay will depend on your credit profile. Over 21s only. RateSetter is a trading name of Retail Money Market Ltd (Company No. 7075792) and our registered office is at 6th Floor, 55 Bishopsgate, London EC2N 3AS. Authorised and regulated by the Financial Conduct Authority (Ref. 722768).© RateSetter 2010 - 2020. *The Provision Fund buffer is the sum of money held in the Provision Fund and the expected Provision Fund future inflows from outstanding loans due over the lifetime of loans, adjusted to reflect expected early repayments, payment holidays and bad debt. RateSetter’s Provision Fund is well capitalised, meaning it typically has enough funds to cover most foreseeable loss situations. They were the first company to introduce the concept of a “Provision Fund” to reimburse lenders in the event of a late payment or default.

1 Feb 2016 RateSetter were the first lending platform to introduce a protective fund, mitigating the risk of an investor losing their money. A provision fund 

19 Oct 2018 Australia's leading peer-to-peer lender, RateSetter, has signed a $100 million funding deal with the Clean Energy Finance Corporation (CEFC) to  20 Jul 2017 Peer-to-peer lender RateSetter has dipped into its own funds to ensure its 50000 investors are not being hit by struggling loans.Peer-to-peer  31 Jul 2017 LONDON - Peer-to-peer lender RateSetter announced on Monday that it RateSetter pioneered the Provision Fund, which spreads a lender's  7 Jan 2017 Default rates are rising on Funding Circle. With the uncertainty of Brexit looming I expect more defaults. Ratesetter* lends to people and not  21 Jul 2017 Peer-to-peer lender RateSetter has dipped into its provision fund to ensure its 50000 investors are not being hit by… 9 Oct 2015 RateSetter operates a provision fund to cushion its lenders (savers). Each person who takes a loan is charged a fee which is paid into the  1 Feb 2016 RateSetter were the first lending platform to introduce a protective fund, mitigating the risk of an investor losing their money. A provision fund 

1 Feb 2016 RateSetter were the first lending platform to introduce a protective fund, mitigating the risk of an investor losing their money. A provision fund 

9 Oct 2015 RateSetter operates a provision fund to cushion its lenders (savers). Each person who takes a loan is charged a fee which is paid into the  1 Feb 2016 RateSetter were the first lending platform to introduce a protective fund, mitigating the risk of an investor losing their money. A provision fund  At RateSetter, part of the interest goes to you, the investor, while another part goes directly into the Provision Fund. The Provision Fund grows along with the portfolio size and repayments made by borrowers. The money that is in the Provision Fund is a buffer to protect your investment. RateSetter is a peer-to-peer investment platform that connects people who have money to invest with those who want to borrow it. Step out of the dark ages. Invest tax-free with our IF ISA. RateSetter is a peer-to-peer investment platform that connects people who have money to invest with those who want to borrow it. The Provision Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. At RateSetter the Provision Fund spreads the risk of each investment across the entire portfolio of loans. This means that your investment will perform in the same way, no matter which loans you are matched to.

9 Sep 2019 Rates are not set by RateSetter and are subject to supply and demand of borrower and investor funds in each market. * The Provision Fund is not 

16 Jul 2019 A superannuation fund has invested in renewable energy loans via peer-to-peer lender marketplace RateSetter. 2 Sep 2019 In 2015, Neil Woodford, the highly regarded fund manager who famously stopped investing in banks, led a £20 million funding round into  5 Oct 2018 Thanks to our Provision Fund, nobody has ever lost a penny lending through RateSetter - a unique claim that no other major platform can make  12 Sep 2019 https://www.ratesetter.com/blog/introducing-our-new-products Have read market and force you to pay 90 days' interest to access the funds. 9 Sep 2019 Rates are not set by RateSetter and are subject to supply and demand of borrower and investor funds in each market. * The Provision Fund is not 

20 Jul 2017 Peer-to-peer lender RateSetter has dipped into its own funds to ensure its 50000 investors are not being hit by struggling loans.Peer-to-peer 

11 Jan 2020 The Provision Fund was designed by RateSetter to help compensate investors against loss. Borrowers are charged a fee based on their risk  10 Oct 2019 P2P lender RateSetter has reduced its annual loss and its boss says it is platforms and depressed share price for Funding Circle since its IPO  28 Feb 2020 What is a provision fund? Provision funds were introduced to peer-to-peer lending by RateSetter, and are a way of keeping investors' money safe. Ratesetter is unique among our recommendations because of its giant provision fund that provides a buffer in the event that borrowers are unable to repay. At the   Get a £50 sign up bonus, & compare Ratesetter with more than 40 P2P RateSetter is one of the 'Big 3' UK platforms, alongside Zopa and Funding Circle. Ratesetter is an example of a product business model eventhough it has Lenders' investments are in-part protected by a Provision Fund (Provision Fund is  

The company is known for having introduced into peer-to-peer lending the concept of a "provision fund" – an internal fund which aims to help lenders manage  Investments with RateSetter are protected by the Provision Fund which provides a buffer against poorly-performing loans.