PEER-TO-PEER lending platform ThinCats has appointed two new sales and marketing executives, as its hiring spree continues.
The alternative finance specialist has named Tony Smedley (pictured) as head of sales operations, and Richard Wilson as head of marketing, as part of a new push to “ramp up the provision of vital funding for small- and medium-sized enterprises (SMEs).”
Smedley has more than 20 years’ experience in the business finance marketplace, and previously worked as Midlands regional managing director at the SME-focused Aldermore Bank. He has also worked as national head of medium and small business sales at Barclays Bank, sales financing division.
“It is an exciting time to be in alternative finance, and ThinCats is galvanising for growth in an inspiring way,” said Smedley.
“ThinCats has huge potential to fund SMEs, including those that are not being served by the traditional lenders, and I am looking forward to being at the forefront of helping these businesses achieve their full potential.”
Richard Wilson also has more than 20 years’ financial services experience with companies such as Aberdeen Asset Management, Henderson Global Investors and most recently Jupiter Asset Management.
“ThinCats’ mission is to help UK businesses achieve their growth ambitions by securing the funding that they have too often been denied by traditional lenders,” said Wilson.
“Institutional and individual investors are increasingly looking for alternative, non-correlated sources of regular income, such as those generated from business lending. I look forward to matching investors to businesses and in helping ThinCats become the go-to brand for SMEs seeking the transformational capital that will accelerate their growth plans.”
The appointments come during a period of expansion for ThinCats.
Earlier this month, the lender appointed a former AIB banker to boost origination in London and the South East, and in April it announced the appointment of a former Natwest executive to its North West sales origination team.
“We are delighted that both Tony and Richard have joined us on a permanent basis,” said Damon Walford, chief development officer at ThinCats.
“They both have very impressive track records in their fields, which will help to further strengthen the proposition that ThinCats is able to offer to SMEs throughout the UK.”