RateSetter sizing up fundraise, claims report

By Ryan Weeks on 18th June 2018

P2P/Marketplace Lending

Sky News reports that the P2P firm is eyeing a £30m fundraise.

RateSetter may soon follow Funding Circle to the public markets. 

Sky News' Mark Kleinman - who has a record of getting these things right - writes that the company has appointed investment banks Lazard and Peel Hunt to lead a £30m fundraise

RateSetter has declined to comment, but Kleinman reckons the round will value the firm at around £280m. This would represent a small premium on its last round - a £13m raise led by Woodford Investment Management and Artemis. 

The article also asserts that the planned £30m raise is a 'prelude' to a long-expected IPO. 

It was Sky News that first broke the news, earlier this year, that Funding Circle was sizing up an IPO - which now looks likely to be proven true



AltFi Amsterdam Summit 2018

AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.

5th November 2018

Companies in this Article:

Funding Circle

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