UK’s Metro Bank To Buy P2P Lender RateSetter For At Least $3.27M
PYMNTS
AUGUST 3, 2020
London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Metro Bank will operate RateSetter as an independent entity and make loans under both its and Metro Bank brands.
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