In 2019 we provided over £200 million of funding for mid-sized businesses, almost double 2018's previous record. In total we have now lent more than £580 million to small and mid-sized businesses across the UK.
Today we are announcing a move to an institution-only funding model for future loans.
Today we announce the appointment of Amany Attia as Chief Executive to lead our ambitious growth plans. Amany is a proven leader in building and scaling businesses with significant expertise in lending, data and technology.
Our clients are drivers of the UK economy, which is why we are so excited to have lent more than £500m to British businesses, providing flexible business lending for a growing market.
Building long-term relationships with the regional communities of corporate finance advisers, private equity houses, accountants and commercial finance brokers is a critical part of our mission to deliver better funding solutions for UK businesses.
Today we have launched a new £100 million funding programme for private equity backed UK businesses.
We are very pleased to announce that we have provided funding worth more than £400m to over 500 UK businesses since our launch.
We are very pleased to announce a new £20 million funding commitment from British Business Investments, a commercial subsidiary of the British Business Bank.
Staying connected to the regional business communities we operate in is vital. This is why we have teams of boots-on-the-ground funding experts and why we have set up a new base in the heart of Sheffield.
We are pleased to announce that we had a record year for lending in 2018, more than doubling our 2017 figures to £112 million. In total we have lent more than £350 million to UK SMEs.
We are delighted to announce a new programme for £200 million with BAE Systems Pensions, to provide UK SMEs with commercial loans.
Data science and analytics is embedded deep within ThinCats’ business principles. It is the company’s aim, to develop some of the industry's most predictive models; to identify and fund the underserved companies that ultimately drive our economy.
We are delighted to announce that ThinCats is now a supporting member of the Employee Ownership Association (EOA) joining a network of over 330 businesses supporting an organisation which puts employees first.
We are delighted to announce a new programme for up to £300 million with global asset manager Insight Investment to fund UK SMEs with commercial loans.
Our team continues to expand as we appoint Rob Thompson to the newly-created role of regional head of credit for the North.
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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 with our new website which launched on the 14th December – a fitting end to a great year.
You will see that the ThinCats website has been given a make-over – a look that is being reflected throughout our materials. Our new look has come about after a huge amount of development and growth within ThinCats. Therefore, we are proud to unveil the new ThinCats and are very excited about the year ahead.
The £100m of funding will see our UK-wide network of Origination Managers supporting those companies in the manufacturing sector that require a level of capital to take their businesses forward, and prepare for 4IR.
ESF/ThinCats announces £200 million funding programme to support lending to UK SMEs ESF Capital, together with its operating subsidiary, ThinCats, has concluded a funding programme for loans of up to £5m for growing UK small- and medium-sized enterprises (SMEs).
There have been a number of developments at ThinCats recently, such as our full authorisation by the FCA, and improved arrangements for back up service provision to protect our investors, which impact our Terms and Conditions; we have therefore updated and reissued them to investors today.
ThinCats is thrilled to announce that the company has been granted full authorisation by the Financial Conduct Authority. The approval highlights the company’s commitment to protecting consumers and developing the alternative finance industry as a vital source of capital for businesses, and income for investors.
We outline below the ThinCats policy for loans listed on the platform which are underwritten by ESF. Where a loan is underwritten by ESF, they may also choose to take a minimum investment in the loan. Details of this will be set out in the information pack which is available to lenders.
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.
ThinCats is pleased to announce its patronage of NACFB. The National Association of Commercial Finance Brokers is a trade body for business finance mediators, founded in 1992 in response to the growing incidence of fraud in the commercial finance arena.
We are pleased to introduce a new specialist Sponsor, Community Chest Business Loans Ltd, offering peer to peer loans for Social Enterprises that attract tax relief.
As you know all of the major peer to peer platforms are in the process of applying for full authorisation by the FCA. As part of this process we have been reviewing our client money procedures and we need to introduce a few changes immediately that might affect you.
The last 24 hours have been interesting. The Brexit decision will undoubtedly have an impact on the British, European and World economies. Some of these impacts will have been foreseen and some will not.
Europe’s biggest platform for secured P2P business loans has auctioned Europe’s – and possibly the world’s – largest non-property peer-to-peer (P2P) loan. Insurance group LAMP has listed a £3.5m loan on UK-based lending platform ThinCats.