ThinCats Receives More Funding from Fintex Capital

Online lender ThinCats has received more funding from Fintex Capital. This is financed by Fintex Specialty Finance UK, the firm’s flagship discretionary investment fund.

According to a note from the firm, Fintex has added to an existing mezzanine facility with ThinCats. Fintex has added £5 million of available capital bringing its total commitment to £12 million.

The platform states that since the Covid crisis, it has supported over 70 mid-sized UK firms with £250 million in debt financing.

ThinCats Managing Director Ravi Anand said that Fintex Capital has become a reliable partner they enjoy working with.

“Having started our funding partnership in the midst of the COVID-19 pandemic, it is nice to see its commitment grow. This funding line continues to have a meaningful impact and goes a long way in helping business owners to continue to make a valuable contribution to our economy.”

Fintex Capital is an investment firm in the private debt sector. Since 2016, the firm reports that it has provided over £300 million in private debt capital. Fintex manages discretionary investment funds for select Family Offices and segregated managed accounts for a variety of institutions.

ThinCats focuses on funding mid-sized SMEs with business loans from £1 million up to £15 million.


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