Tagged: thincats

March 15, 2022 @ 3:06 pm By Omar Faridi  |  

UK-based ThinCats, the alternative finance provider to SMEs, has reportedly appointed Billy Ferguson to serve as the firm’s CTO. Ferguson brings considerable professional experience within the IT industry, having previously served in key roles at Aldermore Bank, Allianz Insurance as well as Prudential. Ferguson will… Read More

January 20, 2022 @ 2:07 am By Omar Faridi  |  

Thincats, a UK-based lending platform, explains that their expertise in SME lending is the product of “a detailed manual underwriting process combined with market-leading data.” Because of their sharp focus on mid-sized SMEs, ThinCats claims that they have “continually invested in making sure [they] have… Read More

October 4, 2021 @ 8:49 am By Omar Faridi  |  

ThinCats, a UK-based lending platform, will be providing up to £300 million additional funding to businesses via the British Business Bank‘s ENABLE Guarantee program. The ThinCats team wrote in a blog post that they’re pleased to be utilizing a guarantee offered by the British Business… Read More

June 15, 2021 @ 10:34 pm By Priyanka Pani  |  

UK-based alternative lender ThinCats has raised £160 million in strategic investment from Wafra Capital Partners (WCP). Amany Attia, CEO, ThinCats, in a statement said: “This is an important next step for us as a lender and allows us to bring the benefits of non-bank lending… Read More

May 27, 2021 @ 9:32 pm By Omar Faridi  |  

ThinCats, a UK-based lending platform, had published a blog post earlier this month asking whether historically low insolvency rates are “disguising the real financial health of mid-sized businesses.” The ThinCats team has carefully examined insolvency rates across over 400,000 mid-sized SMEs as part of their… Read More

November 11, 2020 @ 11:18 pm By JD Alois  |  

Former peer to peer lender and now digital SME lender ThinCats has partnered with Salt Edge, an Open Banking solutions provider, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes. Salt Edge is a Fintech offering an API platform with… Read More

April 26, 2020 @ 7:01 pm By JD Alois  |  

  The British Business Bank has announced multiple new lenders added to the Coronavirus Business Interruption Loan Scheme (CBILS). Today, the British Business Bank has revealed the approval of the Allied Irish Bank (GB)/AIB (NI), ThinCats, Paragon Bank and IGF. These four lenders will join… Read More

March 31, 2020 @ 2:30 pm By Samantha Hurst  |  

Property investment platform CrowdProperty announced on Monday it has appointed former ESF Capital and ThinCats CEO, John Mould, as Non-Executive Director of its board. CrowdProperty reported that Mould oversaw the acquisition of ThinCats by ESF Capital and subsequently took the funding business from £150 million… Read More

January 13, 2020 @ 10:20 am By Samantha Hurst  |  

ThinCats, a UK-based lending platform, has reportedly hit a new company milestone. According to P2P Finance News, the platform’s 2019 was record-breaking, with its new loan number doubling to nearly 200 million. It was also noted that ThinCats’ loan book is now over 580 million…. Read More

December 22, 2019 @ 11:59 am By Omar Faridi  |  

Peer-to-peer lenders reportedly raised over £7 million (appr. $9.1 million) to fund the ongoing development of their platforms via crowdfunding in 2018. Overall, Fintech has been a hot sector of crowdfunding with many big names in the emerging financial services sector recognizing the benefits of… Read More

December 9, 2019 @ 9:27 am By JD Alois  |  

Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model. Managing P2P investors is simply too costly for the amount of money raised. Over time, institutional money pushed out smaller… Read More

December 12, 2018 @ 8:03 am By Samantha Hurst  |  

ThinCats, a UK-based lending platform, announced on Monday it has teamed up with BAE Systems Pension for new £200 million program to provide UK SMEs with commercial loans. This news comes just a few months after ThinCats announced a new £300 million program with global asset manager, Insight… Read More

October 11, 2018 @ 10:51 am By Samantha Hurst  |  

Online lender ThinCats announced on Thursday it has appointed Kevin Steven as its new Director of Regional Business Development for South Yorkshire. According to ThinCats, Steven has more than 15 years’ experience in banking and corporate finance providing advice and access to innovative funding solutions to SMEs and… Read More

September 24, 2018 @ 1:28 pm By JD Alois  |  

Online lender ThinCats has announced a new £300 million program with global asset manager Insight Investment to fund UK SMEs. The announcement was shared on a ThinCats blogpost that indicated they now have the potential to loan up to £600 million. ThinCats is a UK based peer to… Read More

May 31, 2018 @ 6:39 am By Erin Hobey  |  

Penarth-headquartered accountancy and business advisory firm Evans Entwistle has secured a £450,000 funding facility from ThinCats to support the acquisition of Bristol-based SBMC Business Management Limited. The client was introduced to ThinCats by Lime Corporate Finance. “This is a great deal for everyone concerned and… Read More

May 21, 2018 @ 9:11 am By Samantha Hurst  |  

ThinCats announced on Monday it has completed a transaction for the Management Buy-In (MBI) of Scubair Ltd, a business involved in the design, installation, and service for all types of air conditioning, ventilation, and electrical systems. According to ThinCats, the Newbury-based company is a portfolio business… Read More

April 26, 2018 @ 8:42 am By Erin Hobey  |  

ThinCats has reportedly delivered a £1M ‘agile finance facility’ to fund MBO and contract win for Firtitudo Ltd. The transaction enabled the managing director of Firtitudo Ltd and database for business limited (dbfb) to acquire the remaining 45 per cent of secure communications specialist dbfb and… Read More

April 5, 2018 @ 12:00 pm By Samantha Hurst  |  

ThinCats, an alternative finance specialist, announced on Thursday it has provided Linlithgow-based Calnex Solutions with growth capital financing, both to enable the acquisition of Belfast-headquartered JAR Technologies and the continued expansion of the combined entity. Founded in 2006, Calnex Solutions claims to be a leading… Read More

January 26, 2018 @ 7:39 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published aggregate fourth quarter data for of 2017 for its member platforms. The P2PFA shows that during 2017 £3,145,098,842 in peer to peer loans were facilitated. Cumulative lending transacted through P2PFA member platforms exceeded £8 billion…. Read More

January 18, 2018 @ 12:00 pm By Samantha Hurst  |  

Network ROI, a Midlothian-based IT firm, announced on Thursday it completed an employee buy-out after receiving £1 million in funding from alternative finance specialist ThinCats. Founded in 2003 by Sean Elliot, Network ROI’s initial focus was to provide IT support to companies in Scotland. The company… Read More