ThinCats P2P brand is put down
ThinCats is moving all its peer-to-peer lender communications and services under the brand of its sister company Business Loan Network (BLN).
The business lender, which gave up its retail P2P permissions in 2019, traded as ThinCats but is now moving under the BLN brand. ESF Capital is the parent company of both firms.
From 8 February, legacy P2P investors will need to login to their accounts through a new website at www.businessloannetwork.co.uk and communications will no longer come from the ThinCats brand.
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In an email to investors, seen by Peer2Peer Finance News, ThinCats said the P2P platform and all lender services and communications will be conducted entirely under the BLN brand.
The platform said there is no change in ownership structure and the underlying functionality of the P2P platform.
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Going forward, all updates and communications will be addressed from the BLN domain and email headers and disclaimers will change to BLN.
ThinCats said that all existing systems and controls remain in place to ensure investors’ interest and capital is collected when due or otherwise actively recovered.
The platform said that investors can continue to withdraw any cash balances to their nominated bank account following the usual lender withdrawal request process and loan repayments collected on their behalf will continue in the normal way.
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“Following the decision to runoff the P2P platform in December 2019, from today the P2P and all lender services and communications will be conducted entirely under the BLN brand,” a spokesperson f0r BLN said.
“There is no change in ownership structure and operationally, there are no changes to the underlying functionality of the P2P platform.
“We have provided customers with a new website to provide ongoing login access along with communicating updated documentation and useful information.”
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