RateSetter races past $1 million loans matched

This week, RateSetter passed a big milestone: $1 million in retail lender funds matched.

Our milestone

We are delighted to have now matched over $1 million of retail lender funds to loans in Australia! This is an exciting milestone for RateSetter as we pioneer a path for peer-to-peer locally. This amount might seem small against the nearly $1 billion dollars of funds that have been matched by RateSetter in the United Kingdom, however, we’re well on our way to replicating that scale and success.

Our thanks!

We would like to thank all of our customers who have supported our launch. We are on our way towards helping shape the future of finance in Australia and shift the balance of power back to the consumer. We hope you continue to support our growth.

Where to next?

We are very excited about what 2015 holds for RateSetter and our customers, both lenders and borrowers. In particular, we are excited about a number of initiatives we have underway to significantly increase the volume of personal loans made to creditworthy borrowers. We will keep you updated!

This information does not constitute financial advice and you should consider whether it is appropriate to your circumstances before you act in reliance on it. Any opinions, forecasts or recommendations reflect the judgement and assumptions of RateSetter as at the date of publication and may later change without notice.