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



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Now in its sixth year, the AltFi London Summit returns on 18th March 2019 to 155 Bishopsgate. Last year proved to be a crucial turning point for the key players building the future of finance. Leading platforms launched oversubscribed IPOs, digital banks proliferated and mainstream financial institutions started their own disruptive propositions. With 2019 certain to be another landmark year, more questions will be asked by regulators with investor interest in disruption also poised for more rapid growth.

18th March 2019

Companies in this Article:

Funding Circle

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