We are delighted to announce a strategic investment in the company from Wafra Capital Partners (‘WCP’) of £160 million. WCP have partnered with Quilam Capital on the transaction.
£1 billion funding milestone
We are delighted to announce that the company has provided more than £1 billion in total business lending. Following on from record levels in 2020, lending volumes have continued strongly during the first half of 2021.
We recently announced a strategic investment in the company of £160 million from Wafra Capital Partners which will enable us to lend a further £2 billion to businesses across the UK. Currently around 60% of ThinCats’ loans support businesses outside of London and the South East with 74% structured as cash flow loans.
Amany Attia, CEO ThinCats: “Mid-sized SMEs have been underserved in terms of funding options for too long, so we are delighted to be providing a genuine alternative. Our model of creating bespoke funding solutions by combining the latest in data analytics with traditional lending at a local level has been well received by the professional advisor community and we thank them for their continued support.
“Whilst lending £1 billion is a significant milestone, the recent investment from Wafra Capital Partners will enable us to substantially accelerate the number of businesses we can support in the future. Mid-sized businesses recognise the need to invest as the economy picks up again and we look forward to supporting many more with their growth ambitions.”