An unrivalled track record
RateSetter in Australia is part of one of the world's largest and most successful peer-to-peer lending groups.
The RateSetter group was founded in the United Kingdom in 2009 and since its launch has grown to be one of the largest peer-to-peer lenders globally, facilitating over 45,000 investors in funding more than 320,000 loans totalling over $2.5 billion in value.
In Australia, we were the first to open up peer-to-peer lending to all Australians, not just wholesale investors, and we have more lenders than any other platform.
It's not just being the biggest that makes us the best. The RateSetter group was also the first globally to introduce the concept of a provision fund to help protect investors from late payments or default, helping to make peer-to-peer lending simpler and safer. Thanks to the provision fund concept, every individual RateSetter investor has received every amount of principal and interest due.
In Australia, RateSetter is the only peer-to-peer lender with a provision fund. Learn more about our Provision Fund
We do things differently
From day one we decided RateSetter in Australia would be based on a different set of values. Values that focus on you, and deliver 'your best interest'.
Excellence in underwriting
We take the responsibility of looking after your money very seriously. That’s why we go beyond industry-standard underwriting processes and use a series of advanced systems and checks to ensure borrowers are creditworthy.
In addition to using industry-standard credit checks from experts such as Veda and Dun & Bradstreet, we use advanced credit checking software and anti-fraud tools to give us a more holistic view of potential borrowers.
The RateSetter group has also set a benchmark for peer-to-peer lending practices, and has been a key proponent of the transparency that the industry provides its investors. RateSetter was the first lender in Australia to release its loan book publicly and to provide retail investors with real time visibility of loan book performance. View RateSetter statistics