12 Best Peer to Peer Lending Platforms Available in 2026 — Compared

10. RateSetter (now part of Metro Bank) - Institutional Integration Success

RateSetter's acquisition by Metro Bank represents a significant evolution in the peer-to-peer lending industry, demonstrating how traditional financial institutions are integrating P2P innovation into their service offerings. The platform's Provision Fund model, which protects investors against borrower defaults, has been refined and enhanced through Metro Bank's institutional backing and regulatory oversight. RateSetter's rolling credit facility allows borrowers to access funds on an ongoing basis, similar to a credit line, while providing investors with regular interest payments and the flexibility to withdraw funds with varying notice periods. The platform's integration with Metro Bank's broader financial services creates opportunities for cross-selling and enhanced customer experiences, including preferential rates for existing bank customers and integrated account management. RateSetter's focus on transparency includes detailed reporting on fund performance, borrower demographics, and economic impact, with regular updates on how the platform's lending activities support economic growth and financial inclusion. The platform's institutional backing provides enhanced stability and credibility while maintaining the innovative spirit and competitive advantages that made peer-to-peer lending attractive to both borrowers and investors.