RateSetter is an entrepreneurial company established in 2010 with the aim of making peer-to-peer lending simple and safe. RateSetter is a free market in which the interest rates are set by the savers and borrowers. This rate-setting mechanic is unique. In 2013, RateSetter grew at 219% compared to sector growth of 107%, making it the fastest growing major peer-to-peer company in the UK. In 2015-03-20became the largest peer-to-peer platform in the UK by new loans originated. The company pioneered a number of firsts in the P2P industry, most notably the concept of a Provision Fund. RateSetter also believes in the importance of Customer Service, something for which it has won a number of awards.