2017 – A Transformational Year 11/01/2018
At ThinCats, we listed our biggest ever loan, had our most successful month, achieved full FCA regulation, trebled the Credit, Securities and Origination teams, and completed a full rebranding programme, ending the year with the launch of our new website.
The culmination of the year was a record month in December, with just over £12m of funding listed on the platform, which followed the biggest-ever ThinCats-listed loan of £6.7m to the Chelsea Yacht & Boat Company at the end of September, and the conclusion of a £200m funding programme for UK SMEs alongside institutional investors including Waterfall Asset Management.
This was all made possible by a three-fold increase in the Origination team, now covering the length and breadth of the UK, and a significant increase in internal credit, securities and monitoring, improving deal flow and execution.
The development and evolution throughout 2017 led to a reassessment of the ThinCats brand, and we unveiled our new look to partners and associates at the National Space Centre in November. The new website launched in December showcasing our new corporate identity, which we hope echoes and enhances the developments within the company.
We are very positive about 2018. The pipeline is strong, with a spectrum of loans ranging in size, industry and type, for businesses throughout the whole of the UK. The IFISA launch is coming soon, and we are committed to developing the platform, improving the flow of loans, and ultimately to make funding more accessible to UK SMEs.
We are very excited about the year ahead.
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