RateSetter Australia completes significant capital raising
This month we completed a $10.5 million capital raising, led by private equity investor Five V Capital, with additional support from our existing shareholders and other professional investors.
Adrian Mackenzie, founder and partner of Five V Capital, will join the RateSetter board, which recently expanded to include former ING Direct CEO Vaughn Richtor.
This capital raising provides a strong endorsement of the progress we have made to date in building a mainstream alternative to the bank model of investing and borrowing in Australia.
