Fintech Solution Development for a Global P2P Lending Platform

RateSetter is a leading peer-to-peer lending company in the UK and Australia offering services to over 250,000 active customers.

RateSetter is a leading peer-to-peer lending service in the UK. Since 2010, it has matched more than £1.6bn in P2P loans and now has over 250,000 active customers. RateSetter pioneered the concept of the Provision Fund. The Provision Fund has ensured that, to date, no individual RateSetter investor has lost a penny.


RateSetter addressed N-iX at the point when they already had a well-established business model and over 250,000 active customers. First and foremost, the client needed to extend the team to cope with large amounts of technological tasks. Since they couldn’t access enough resources in London, the client considered nearshoring to Eastern Europe. The decision to cooperate with a team at N-iX has been influenced by the positive references and the vendor’s vast experience in fintech industry.

The cooperation started with the allocation of a team that comprised 16 IT professionals and in several months it has grown to over 20 engineers. N-iX gathered a mature team of specialists in the most innovative technologies. The developers are engaged in software architecture design and development, quality assurance, and other engineering operations. The dedicated development centre at N-iX has helped the client to accommodate rapid growth of their business and facilitate continuous service improvements.

United Kingdom, London
Partnership period
May 2016 - present
Team size
Team location
Ukraine, Lviv
Expertise delivered
Cloud Solutions Business Intelligence SOA, Microservices

Product overview

RateSetter is a peer-to-peer lending service that allows its users to lend and borrow money directly from each other according to their own interest rates. The website allows to invest a minimum amount of £10 and get loans up to £35,000 for individuals and up to £2m for businesses.

RateSetter’s Provision Fund has proved so effective that every individual investor has received all the capital and interest they expected and nobody has ever lost a penny: a unique feat amongst the major platforms in the UK P2P industry. This is not a guarantee for the future, but is nevertheless an excellent track record.

The company constantly introduces innovations and modernizes its IT system so the service is powered by the most innovative technologies.

Working as one team, RateSetter engineers and the dedicated developers at N-iX are building the microservice architecture for the platform to enable greater scalability and faster service improvements.

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