The platform is gearing up for further growth following the launch of its ISA product three months ago.
P2P lending platform RateSetter passed more than £2.5bn of lending across business and consumer categories.
The £2.5bn of finance has been provided to more than 460,000 borrowers, RateSetter says, with more than £1.55bn lent to individuals and almost £950m lent to businesses.
RateSetter, which launched in October 2010, says that investors have earned an average annual return of 4.4 per cent to date. Peter Behrens, RateSetter’s chief lending officer, says more than half a million investors and borrowers have used the RateSetter platform.
“Reaching this milestone shows how deep and broad our marketplace has become in space of just eight years, and we look forward with great excitement to helping even more people access investment in loans as we work towards the next £2.5bn of lending.”
65,000 people have RateSetter investment accounts.
The UK's oldest and best-loved conference for fintech and alternative finance insiders returns for its sixth iteration at etc.venues. We'll showcase the best of the UK's digital banking, online lending and digital wealth sectors through a series of uniquely in-depth discussions and presentations. Open Banking will be in full flight, just over a year on from its launch, and will be a central theme at the event.