What is happening with RateSetter?

RateSetter investors will have their accounts closed on 2 April 2021 and they will no longer be able to invest with RateSetter.

Does Metro own RateSetter?

Under the terms of the loan agreements, an agent acts as custodian of the loans on behalf of the lenders (the “Agent”). The Agent is RateSetter, which is a wholly owned subsidiary of Metro Bank, and, as such, is a related party in accordance with LR 11.1.

Can I still invest in RateSetter?

Please note: the investment side of RateSetter closed on 2nd April 2021.

Is RateSetter owned by Metro Bank?

Under the terms of the loan agreements, an agent acts as custodian of the loans on behalf of the lenders (the “Agent”). The Agent is RateSetter, which is a wholly owned subsidiary of Metro Bank, and, as such, is a related party in accordance with LR 11.1. 4R (2).

Is RateSetter safe to lend to?

I have been using Ratesetter for a number of years now and have found them to be the best loans company by far. They responsibly loan money and don’t overcharge for the privilege.

Is RateSetter now plenti?

RateSetter Australia has rebranded to “Plenti” as part of a broader move to “ramp up” the next phase of growth across its personal, automotive and renewable finance offerings.

What does plenti group do?

Plenti Group Limited is a locally-owned publicly-traded company, engaged in digital consumer loans using smart technology. The company employs approximately 130 employees, operates in Australia and is administered by its head office in Sydney NSW.

What happened to Plenti?

The Plenti program has ended. At this time, all Plenti accounts have been closed and all unredeemed Plenti points have expired. Some Plenti partners will be transitioning to new independently run loyalty programs.

Can I still use my Plenti card?

No. You can no longer access your Plenti account, all Plenti accounts have been closed. What happened to my Plenti points? All unredeemed Plenti points expired when the program ended on July 10, 2018, in accordance with the Plenti Terms and Conditions.