Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
Pounds piles
January 10 2018

ThinCats hits monthly lending high of £12m

Emily Perryman Industry News, News Damon Walford, lending milestone, ThinCats

THINCATS, the peer-to-peer business lender, achieved a record lending level in December with just over £12m of funding listed on its platform.

This followed its biggest-ever loan of £6.7m to the Chelsea Yacht & Boat Company at the end of September.

ThinCats said 2017 was a “stellar” year. It became fully authorised; trebled its monitoring, securities and origination teams; and underwent a rebranding programme.

It also concluded a £200m funding programme for SMEs and made £100m available to manufacturing businesses across the UK.

Read more: ThinCats in advanced talks with new institutions

Damon Walford, chief development officer at ThinCats (pictured), said the expansion of the origination team has led to new partnerships with brokers and introducers, resulting in more opportunities for SMEs to access funding.

“It has been quite a year, and we go into 2018 with a very full pipeline, new partners, relationships developing throughout the UK, and high hopes for another successful year for all,” he added.

ThinCats was due to introduce its Innovative Finance ISA (IFISA) by the end of 2017, but because of a delay in building new systems the launch was pushed back until the new year. It is yet to confirm a launch date.

Read more: ThinCats hires East Midlands funding expert to scale up business

BondMason co-founder to launch cryptocoin Crowdstacker joins the Peer-to-Peer Finance Association

Related Posts

Businessman separates the wooden puzzle with a picture of money. The concept of financial management and distribution of funds. Saving and investing. Property division. Legal services.

Industry News, News, Property, Top 3

50pc of the Octopus Choice portfolio has already been realised

Andrew Bailey

Industry News, News, Top 3

BoE’s independent directors back Bailey over LCF collapse

Rhydian_Lewis5122_RateSetterLogo

Industry News, News, Top 3

RateSetter confident of growing Metro Bank’s unsecured lending

Popular posts:

  • Funding Circle strikes another CBILS securitisation
  • How the government distorted the P2P market
  • RateSetter to stop investment withdrawals from 26 March
  • FCA puts the brakes on Buy2Let Cars
  • How to invest in an IFISA with £100 or less
  • Metro Bank plans to offer RateSetter lending through…
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by