RateSetter sizing up fundraise, claims report

By Ryan Weeks on Monday 18 June 2018

Editor's PickAlternative 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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