Retail Money Market Ltd.
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Retail Money Market Ltd. - overview
Established
2010
Location
London, -, UK
Primary Industry
Financial Services
About
Retail Money Market Ltd. operates as a financial technology company specializing in personal loans, connecting borrowers with investors to facilitate flexible lending solutions in the UK market. Founded in 2010 and headquartered in London, UK, Retail Money Market Ltd. operates under the trading name RateSetter, focusing on personal loans.
The firm was acquired by Metro Bank in August 2020 for EUR 2. 5 million. The current CEO and founder, Rhydian Lewis, has a background in the financial sector, previously involved in developing innovative lending solutions. The company has successfully completed 6 deals since its inception, targeting a robust operational framework in the UK market.
RateSetter specializes in personal loans, providing tailored financial solutions to meet diverse borrower needs. Its primary offering includes unsecured personal loans, allowing customers to fund various projects, such as home improvements and debt consolidation. Serving over 800,000 customers in the UK, RateSetter emphasizes competitive interest rates and flexible loan terms, enhancing its reputation for exceptional customer service. In the most recent financial year, Retail Money Market Ltd.
reported revenue of EUR 14,939,726. 20, with an EBITDA of EUR -15,695,826. 80 for 2020. Following its acquisition by Metro Bank in August 2020, Retail Money Market Ltd.
is expected to leverage this partnership to enhance its product offerings and expand its reach within the UK. The recent funding will support the development of new personal loan products aimed at emerging consumer needs, targeting launch by the end of 2021.
Current Investors
British Business Bank, Woodford Patient Capital Trust, ARTEMIS Augen- und Laserklinik Frankfurt
Primary Industry
Financial Services
Sub Industries
Consumer Finance, e-Financial, Accounting/Finance Software
Website
www.ratesetter.com
Verticals
E-commerce, FinTech
Company Stage
Acquired
Total Amount Raised
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