Tagged: thincats

Open Banking Firm Salt Edge Partners with SME Lender ThinCats

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

British Business Bank: New Lenders Added to CBILS Including ThinCats

  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

Former CEO of ESF Capital & ThinCats John Mould Joins CrowdProperty Board

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

ThinCats Milestone: Online Lender’s New Loan Number Doubles Almost to £200 Million

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

£7.4 Million in Equity Funding for P2P Platforms was Secured in 2019 on Seedrs, Meanwhile the P2P Industry Continues to Iterate and Change

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

An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money

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

ThinCats Announces New £200 Million Program With BAE Systems Pensions To Provide UK SMEs Commercial Loans.

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

ThinCats Appoints Kevin Steven New Director of Regional Business Development for South Yorkshire

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

Thincats Adds £300 Million to Fund UK SMEs

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

ThinCats Funds Evans Entwistle’s SBMC Business Management Acquisition

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

ThinCats Funds £550,000 Management Buy-In for Scubair in Platform Buy & Build Deal

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

Signed, Sealed & Delivered: ThinCats Loans £1M ‘Agile Finance Facility’ to Firtitudo

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

ThinCats Provides Calnex Solutions With Growth Capital Financing

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

UK P2PFA: Peer to Peer Lending Tops £3.1 Billion in 2017, Q4 Sees Considerable Growth as Borrowers Shift to Online Lending

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

ThinCats Supports £1 Million Employee Buy-Out at Scottish IT Business Network ROI

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

ThinCats Says 2018 is Poised for Growth in SME Lending

ThinCats says 2018 is poised for growth. The online lender reports that December was a record month booking £12 million of funding listed on the platform followed the biggest-ever ThinCats-listed loan of £6.7 million to the Chelsea Yacht & Boat Company at the end of September…. Read More

ThinCats Reveals New Branding, Launches Updated Website

SME peer to peer lender ThinCats has launched a new website and branding designed to position itself for its next phase of growth in 2018. The new website, which has been designed to be easier to navigate, with delineated areas for investors, businesses and their… Read More

ThinCats: We Have An All New Look, Feel, & Focus!

On Friday, online lending platform ThinCats announced its website now has an all-new look and feel, with also a new focus. The company revealed in a tweet the exciting news. We have an all new look and feel, and a new focus – check out… Read More

ThinCats Delays IFISA Launch; Announces First Ever Investor Fee

On Friday, online lending platform ThinCats announced it was delaying the launch of its Innovative Finance ISA (IFISA). The lender originally set out to launch the IFISA shortly before the end of 2017, but has pushed the launch to after the new year begins. According… Read More

Peer to Peer Lender ThinCats to Rebrand as Next Phase of SME Funding in UK

ThinCats unveiled a new brand last week at an event attended by more than 100 business leaders. The gathering took place at the National Space Centre in Leicester but the new branding will not be officially launched until mid-December. John Mould, ThinCats CEO and Ravi Anand,… Read More

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