Rhydian Lewis, Peter Behrens
RateSetter is a peer-to-peer platform that lets investors lend money to UK individuals, businesses and property developers. The company pioneered the provision fund – made up of fees charged to those who take out loans – to cushion lenders in the event that a borrower misses a payment. In the 12 months to March 2015, RateSetter grew its revenues from £5 million to £12.5 million. In 2016 the company plans to launch an Innovative Finance ISA product, that will allow anyone to invest up to £15,240 through RateSetter, tax-free.