About ThinCats

Who are ThinCats?

ThinCats are one of the pioneers of the peer-to-peer business lending industry; specialising in loans with security and linking experienced investors directly with established business borrowers to provide a serious alternative to high street banks. The company was founded in the aftermath of the global financial crisis, with the aim of offering loans to UK businesses struggling to access funding through traditional channels, whilst providing investors with attractive rates of interest unavailable through many conventional investment portfolios.

A key element of the ThinCats’ ethos has always been to avoid the algorithm-led decision making often used by banks; the founders were keen to hear the stories behind the borrowers’ investment needs, and assess each one based on its merits. The company continues to work in this way, harnessing the knowledge of financial experts to assess each loan application, thereby encouraging growth, development and innovation in UK business.

The history of ThinCats

November 2009

Kevin Caley and Peter Brown formed the idea for a company offering fixed term secured loans to businesses, with lower risk than equity, providing a regular income for investors – the idea for the world’s first peer to business lender.

Photograph of Peter Brown and Kevin Caley

February 2010

Business Loan Network Ltd was established to operate the ThinCats platform; so called to underline the major differences from the stereotyped ‘fat cat bankers’.

Photograph of the original ThinCats team

January 2011

The ThinCats online peer to peer lending platform was launched; one of the very first, and the only one to specialise in secured loans that were all vetted by experienced financial experts.

ThinCats logo

November 2012

Steadily growing, with 350 active lenders and an average loan size of £170,000, ThinCats was ready to take on loans above £1million. This would require significant underwriting, and potential investors were sought.

Photograph of financial district in London

July 2013

ThinCats joined as a member of the Peer to Peer Finance Association (P2PFA).

P2P Finance Association logo

June 2014

ThinCats launches Australian venture.

ThinCats Australia logo

December 2015

ESF Capital acquired a 73.4% stake in ThinCats, with plans to significantly invest in infrastructure, resources and personnel to further improve the experience for borrowers, Sponsors and investors across the board.

ESF Capital logo

April 2016

Europe’s largest non-property P2P loan, £3.5 million for insurance group LAMP, was listed on the ThinCats platform.[1]

LAMP Group logo

August 2016

Loan grading was introduced, to further help investors evaluate loans to support their investment decisions, and the growing team at ThinCats took up residence in new, larger offices in Ashby de la Zouch.

Screenshot of the credit and security grading being used on the ThinCats platform

October 2016

Milestone of £200 million worth of loans arranged through ThinCats platform.

Image stating 'ThinCats £200,000,000 in business loans' with fireworks in the background

November 2016

ThinCats became proud patrons of NACFB, the National Association of Commercial Finance Brokers, and received the highest rating of 5 Star Rating from Defaqto, the industry standard for assessing the quality of financial products.

5 Star Rating Defaqto accolade

December 2016

Big Society Capital, government backed financial institution ‘with a social mission’, partnered with ThinCats to offer Social Investment loans with £2million worth of match funding.

Big Society Capital logo

January 2017

The first Community Investment loan through Community Development Finance Institution, ART, listed on the platform, offering the opportunity to invest in local, community organisations and receive tax relief.

Photograph of the outline of people on top of a hill


Find out about lending

Learn about how you can invest through ThinCats and how you could soon be earning interest.


Apply for a loan

Fill in our simple application form and a ThinCats representative will get back to you within 24 hours.



 

[1] ThinCats Lists Largest Ever Non-Property P2P Loan, Altfi, 28/04/2016. Retrieved on 07/02/2017