About us

Helping Australians do better, together.

We provide a transparent marketplace where lenders and borrowers, empowered by technology, can transact together and share the benefits.

Our philosophy

Our philosophy is simple. We want to create a more efficient financial system that better serves our customers.

The financial system has in our view become bloated and inefficient. We are here to give value, and power, back to the consumer.

As well as providing better value for our customers, we want to redefine the delivery of financial services. We leverage technology to deliver faster and more effective services, we provide greater transparency, and we provide responsive and personalised customer service.

Read our blog for more thoughts on the future of finance


Our history

RateSetter in Australia is an independent company, managed and majority-owned locally, although we benefit from being part of the RateSetter group.

The RateSetter group was founded in the United Kingdom in late 2009 by Rhydian Lewis and Peter Behrens. It has since grown to be one of the leading peer-to-peer lenders globally, having facilitated more than 320,000 loans totalling over $3.1 billion in value. It has allowed its investors to earn over $80 million in interest and equally has allowed its borrowers to save millions.

RateSetter was established in Australia in 2012, led by our CEO Daniel Foggo, and officially launched to the public in November 2014. Importantly, RateSetter launched as the first peer-to-peer lender licensed to provide services to all Australians, not just wholesale and sophisticated investors.

Meet the team


Regulated by ASIC

RateSetter forged the path for peer-to-peer lending for retail investors in Australia, being the first company to be licensed by ASIC to provide peer-to-peer lending to retail investors and SMSFs. This involved working with ASIC to navigate a range of legal and regulatory issues and to play a meaningful role in establishing what we believe is a robust regulatory framework for peer-to-peer lending, where investors participate via a registered managed investment scheme.

Learn more about our compliance

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