RateSetter is a peer-to-peer lending platform that connects borrowers with investors. It allows individuals to borrow money at competitive interest rates while providing investors the opportunity to earn returns on their funds. The platform assesses the creditworthiness of borrowers to minimize risks for investors. Founded in 2010, RateSetter operates in several countries, including Australia and the United Kingdom. It offers various loan types, such as personal loans and business loans, and uses a unique "Provision Fund" to help protect investors against borrower defaults. This model aims to create a win-win situation for both parties involved.