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