NEWS
ThinCats, the alternative finance specialist, is set to achieve new levels of growth over the next 12 months after celebrating a stellar 2017, which saw it break records, achieve full FCA regulation, treble the Monitoring, Securities and Origination teams, and undergo a full rebranding programme.
The culmination of a year’s hard work delivered a record month in December, with a just over £12m of funding listed on the ThinCats platform, which followed the biggest-ever ThinCats-listed loan of £6.7m to the Chelsea Yacht & Boat Company at the end of September.
This was all delivered after a phenomenal year of development and growth – demonstrated by a three-fold increase in the Origination team, now covering the length and breadth of the UK, and a significant increase in internal credit, securities and monitoring, improving deal flow and execution.
Further milestones in 2017 included the conclusion of a £200m funding programme for UK SMEs,alongside institutional investors including Waterfall Asset Management, and made £100m available to manufacturing businesses across the UK, in association with Hennik Edge, a networked advisory team for companies operating in the sector.
Damon Walford, CDO at ThinCats, said: “With considerable funding to deploy, ThinCats Origination has blossomed into a full team of experienced, finance-smart experts. This has brought about a number of new, key partnerships with brokers and introducers across many regions, introducing a great variety of opportunities and avenues for SMEs to access the funding necessary to grow and develop.
Reaching these latest milestones in the final quarter of 2017, ThinCats also undertook a total rebrand in December last year reflecting the evolution of the business. ThinCats has a brand new corporate identity and website, as well as a completely new look and focus to echo and enhance the developments within the company.
Damon added: “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.
