Tagged: thincats

July 25, 2016 @ 8:38 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has released its second quarter numbers for 2016. The P2PFA was founded in 2011 as a self-regulatory body for the sector to promote high standards of conduct and consumer protection and represents the largest P2P lenders in… Read More

July 8, 2016 @ 11:52 am By JD Alois  |  

As announced earlier today, the Financial Conduct Authority (FCA) has requested feedback from interested parties regarding the regulatory environment for debt and investment-based crowdfunding. The process is part of an anticipated periodic review of this new form of finance. Original rules were enacted in 2014…. Read More

July 1, 2016 @ 8:37 am By JD Alois  |  

Mark Carney, Governor of the Bank of England, stated in a speech on the Brexit yesterday that while the “result of the referendum is clear. Its full implications for the economy are not”, he also affirmed it was something the UK economy can handle. EPTSD:… Read More

May 21, 2016 @ 1:35 pm By JD Alois  |  

The Confederation of British Industry (CBI) released data yesterday on the manufacturing sector of the UK economy. The report stated that overall orders improved a bit.  Excluding food and drink, the “output balance was stable” with the 17 other categories indicating “minimal improvement.” Rain Newton-Smith,… Read More

April 18, 2016 @ 11:24 am By JD Alois  |  

According to multiple reports, HSBC is committing £10 billion in lending to UK SMEs. This announcement comes on the heels of a notice that HSBC has introduced its virtual platform that cuts business loan application and approval times – in half. Richard Davies, COO of… Read More

April 14, 2016 @ 9:37 am By JD Alois  |  

The Monetary Policy Committee (MPC) of the Bank of England has decided to hold steady with a 0.5% Bank Rate. The MPC also voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. The BOE… Read More

March 14, 2016 @ 6:28 pm By JD Alois  |  

As the day nears when George Osborne, Chancellor of the Exchequer, reveals the government’s forthcoming budget plan, the drums are pounding on what will be announced. Osborne has already messaged that weaker growth will force the Treasury to find further economies. This translates into cutting expenditures… Read More

March 7, 2016 @ 2:19 pm By JD Alois  |  

Just like many other peer-to-peer lenders, ThinCats sees profound opportunity in the forthcoming Innovative Finance ISA (IFISA).  And just like many P2P lenders, they are still waiting on full FCA regulation to offer the new savings vehicle. ThinCats expects to receive FCA approval soon and,… Read More

February 22, 2016 @ 8:42 am By JD Alois  |  

Peer to peer lender ThinCats has topped £150 million in loans since its founding in 2010. ThinCats is an online lender that provides access to capital for British SMEs. The P2P lender shared the top four sector loan beneficiaries over past five years include financial… Read More

January 11, 2016 @ 8:03 am By JD Alois  |  

Research conducted by peer to peer lender ThinCats indicates that one in four investors over 55 will consider leveraging the new Innovative Finance ISA that launches this coming April. This contrasts to 4.5% of investors in this age group that use P2P lending platforms as… Read More

December 8, 2015 @ 6:24 am By JD Alois  |  

ThinCats, a UK based peer to peer lending platform focusing on SMEs, has been acquired by European Specialty Finance (ESF) Capital.  The purchaser has taken a 73.4% of the firm.  ESF’s CEO, John Mould, has been appointed as CEO of ThinCats with overall responsibility the direct lending platform…. Read More

November 22, 2015 @ 6:24 pm By JD Alois  |  

ThinCats Australia has posted an update on their progress and according to the platform after one year of operations the peer to peer lending platform has arranged approximately $2 million in loans. Interest rates have ranged from 11.5% to 14.5% from a group of “diverse”… Read More

October 23, 2015 @ 1:42 pm By Therese Torris  |  

Part II: Seen & Heard at Lendit Europe If you missed attending Lendit Europe, you missed a great event. You can catch up on a selection of presentations on Lendit . For short skimming, we’ve selected a few thought-provoking quotes from day 2. You may also… Read More

July 22, 2015 @ 3:54 pm By JD Alois  |  

Peer to peer lender ThinCats has appointed Jill Sandford as Head of Risk and Recoveries. She joins ThinCats on secondment from Baker Tilly a leading firm of business advisers where she is a Director of Restructuring and Recovery. According to ThinCats, Sandford will be responsible for… Read More

June 21, 2015 @ 10:38 pm By Midori Yoshimura  |  

ThinCats Australia, among the latest peer-to-peer lenders to join the Australian market, is on the prowl for strategic investors as it prepares for a potential initial public offering, notes the Australian Financial Review. The FR writes, It’s understood ThinCats Australia, backed by UK-parent ThinCats, is in discussions with… Read More

June 10, 2015 @ 3:52 pm By Samantha Hurst  |  

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

August 28, 2014 @ 7:14 am By JD Alois  |  

Odyssey Airlines, a UK based airlines that will offer business class only, transatlantic flights, has passed the £1 million mark crowdfunding on Crowdcube.  This represents 104% of their targeted raise on Crowdcube.  As of today the amount stood at £1,049,230 for over 5% equity in… Read More

February 17, 2014 @ 10:11 am By JD Alois  |  

The Guardian has put together a very practical list of all the major P2P lenders in the United Kingdom.  The UK has been at the forefront of the P2P crowdfunding industry and the companies participating in this new sector have experienced dramatic growth. The major… Read More