RateSetter launched in 2010 to give people the opportunity to earn more on their money by allowing them to lend directly. This new asset class fills a gap for the retail investor between the low risk, low reward of cash and the high return, high volatility of shares. RateSetter pioneered the Provision Fund model, which diversifies each risk across the loan portfolio provides protection against bad debt. As a result, to date, every individual RateSetter investor has received their capital and interest in full. RateSetter has originated more than £3bn of loans to individuals and businesses across the UK and generated £120m in interest for its investors.