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Innovative and progressive approach to credit grading wins recognition

23rd Mar 2017   ·   The ThinCats Team   ·   News

We are delighted to announce that ThinCats has been ‘Highly Commended’ at the Business Moneyfacts Awards in the “Innovation in the SME Finance sector” category, for the ThinCats loan grading system. The system allocates stars and padlocks to the loans listed on the platform, based on an in-depth analysis of the credit and security grading for each loan.

It is a formative concept that combines a financial perspective on each borrower, driven by leading credit-agency scores, with additional and non-financial proprietary metrics, proven over 25 years of analysis to add an extra layer of insight. Using this innovative data analysis to assess loans gives a thorough and balanced approach, allowing borrowers a fair opportunity to explain the story behind their application, and enables us to structure the loan to meet their specific requirements.

In addition, the gradings allow investors to make a more informed choice when deciding where to allocate their funds, and boosts the already comprehensive information provided by ThinCats Sponsors on all borrowers. This ensures that the platform remains transparent, and that the loans are easy to research, enabling lenders to make judicious investment decisions.

CDO, Damon Walford comments: “We are extremely pleased that our innovative loan grading system has been recognised. We have invested a significant amount of time and resources over the past year to improve all of our systems, aiming to provide funding applicants with fairer analysis and investors with better ways to weigh up their investment options. We continue to look for ways to improve, and it is gratifying that our commitment has been recognised.”

ThinCats also received a Commendation in the Best Alternative Business Funding Provider category, firmly placing the company at the spearhead of peer-to-peer business lending.

Lee Tillock, Editor of Business Moneyfacts*, states that the Awards, “…recognise those providers, brokers and trade bodies that helped to make the previous twelve months more positive for businesses.”

He goes on to state that, “…there is little doubt that the levels of choice and willingness to find real funding solutions both improved throughout the year (2016). The need to continue the good work that has been started is vital, and a continued commitment to quality and product choice as displayed by the worthy finalists and eventual winners of these awards is of paramount importance.”

(*, 17/3/17)

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