RateSetter was a UK-based peer-to-peer lending platform that connected borrowers with individual investors, enabling personal loans and savings products.
Each model independently rates RateSetter on a 1–5 star scale.
RateSetter was a well-known UK P2P lending platform, FCA-regulated, acquired by Metro Bank in 2020. It had a strong track record with its Provision Fund protecting investors, though P2P lending carries inherent risks.
RateSetter was a reputable UK peer-to-peer lending platform, known for its innovative approach to personal loans and savings.
RateSetter was a prominent UK peer-to-peer lender. While it facilitated many loans, it ceased new lending in 2020 and was acquired by Metro Bank in 2021, impacting its ongoing trust and operational scores. Information on specific trading, support, and current reputation is limited post-acquisition.
RateSetter was a UK P2P lender (founded 2010) known for its Provision Fund. It gained full FCA authorisation and was acquired by Metro Bank in 2020, winding down retail P2P by 2021 with orderly repayments. Generally solid reputation, though returns were cut during COVID.
RateSetter was a FCA-regulated UK P2P lender that ceased new lending ~2020 amid sector issues and defaults; investors faced delays and losses during wind-down. Limited ongoing operations reduce long-term trust.
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RateSetter is rated 3.2 out of 5 (“Average”) on TrustRating, based on 5 independent AI model assessments. The TrustScore combines real customer reviews with AI models that independently assess trust, regulation, support and reputation signals. Always do your own research before making a purchase or investment.
RateSetter currently has a TrustScore of 3.2 out of 5 (“Average”). The score blends verified customer reviews with assessments from multiple independent AI models, and it updates automatically as new reviews and scans come in. You can read exactly how scores are computed on our methodology page.
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