RateSetter is a leading peer-to-peer (P2P) lending platform in the UK, connecting investors with borrowers to provide competitive rates for both parties. Established in 2010, RateSetter operates in the consumer finance market and has facilitated over a billion pounds in loans. The platform serves individual investors looking for better returns on their money and borrowers seeking affordable loans. RateSetter's business model revolves around its Provision Fund, which mitigates risk for investors by covering potential borrower defaults. The company makes money through origination fees from borrowers and a small fee from investors' returns. RateSetter is FCA-authorized and regulated, ensuring a secure and transparent lending environment.

Keywords: peer-to-peer lending, competitive rates, Provision Fund, consumer finance, FCA-regulated, investor protection, borrower loans, origination fees, UK market, financial platform.