18th July: Rhydian Lewis
Rhydian Lewis is CEO and co-founder of RateSetter, the UK’s leading peer-to-peer lending platform.
Rhydian co-founded RateSetter in 2010 and the platform has originated loans worth more than £600m to date – it is the largest platform in terms of monthly lending volumes. RateSetter was the first P2P lender to introduce a provision fund, which absorbs credit exposure and effectively spreads investors’ risk across the whole loan portfolio as opposed to individual loans. The Provision Fund reduces the risk of loss so well that no individual RateSetter lender has ever lost a penny.
Rhydian set up RateSetter with the objective of addressing the continued failure of the established financial system to act and deliver in the interests of customers.
Prior to founding RateSetter, Rhydian spent six years at investment management firm Lazard, and before that, he worked at Betfair, the world’s largest internet betting exchange.