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Peer2Peer Finance News | October 15, 2018

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ThinCats

ThinCats launches ‘generator’ product to speed up lending

October 15, 2018 |

THINCATS has launched a new loan product that brings the human touch back into its lending decisions.

The peer-to-peer business platform said on Monday that traditional lenders typically use algorithms to make lending decisions, but its new generator product will … Read More

ThinCats hires new South Yorkshire director

October 4, 2018 |

THINCATS has added to its expanding workforce by hiring former RBS executive Kevin Steven as its new director of regional business development for South Yorkshire.

Steven (pictured) is a qualified chartered accountant with more than 15 years’ experience in banking … Read More

UK P2P sector approaches £10bn lending milestone

September 27, 2018 |

THE loanbooks of the UK’s biggest peer-to-peer lenders approached £10bn in the second quarter of 2018.

Figures from the Peer-to-Peer Finance Association (P2PFA) show the eight members of the trade body have lent a combined £9.9bn to borrowers as of … Read More

ThinCats unveils new £300m funding line

September 18, 2018 |

PEER-TO-PEER business lender ThinCats will expand its lending programme after securing a £300m funding agreement with global asset manager Insight Investment.

ThinCats said it will use the investment along with £300m from existing investors to create a potential £600m funding stream for … Read More

ThinCats appoints regional business director for the West Midlands

August 30, 2018 |

THINCATS has appointed a former corporate finance executive as director of its regional business development unit in the West Midlands.

Geraint Regan (pictured) has joined the peer-to-peer business lender from accountancy firm Mazars and brings experience of advising on corporate … Read More

ThinCats makes largest loan to date

August 23, 2018 |

THINCATS has delivered its largest loan to date, a £10m facility to support manufacturing in the North East of England.

The peer-to-peer business lender provided the funding to US-based aerospace and defence manufacturing group Dynamic Industrial, which it used to … Read More

P2P firm welcomes UK drive to become “21st century exporting superpower”

August 21, 2018 |

THE UK government’s ambition to make Britain a “21st century exporting superpower” has been welcomed by peer-to-peer business lender ThinCats.

In a speech later on Tuesday, international trade secretary Liam Fox will spell out the government’s post-Brexit plans.

Fox will … Read More

Funding Circle fund extends Citibank facility

July 26, 2018 |

FUNDING Circle’s dedicated investment trust has expanded its existing facility with Citibank from £50m to approximately £66m.

The Funding Circle SME Income Fund (FCIF) said in a stock market update that the additional £16m would be drawn down during August … Read More

ThinCats warns state support for UK SMEs lagging behind Europe

July 23, 2018 |

THE UK is far behind its European counterparts in supporting small- and-medium-sized enterprises (SMEs), ThinCats claims.

The peer-to-peer business lender has said that government support for SME finance is just a “tiny fraction” of what is provided in Germany and … Read More

ThinCats opens Birmingham office to strengthen footprint in the West Midlands

July 10, 2018 |

THINCATS has opened an office in Birmingham as it looks to boost its presence in the city.

The business lender said its new West Midlands base, located on Colmore Row, Birmingham, will bring it closer to its finance partners and … Read More