ThinCats, the leading fintech lender for mid-sized SMEs, today launches a new £100m funding programme for private equity backed UK businesses.
The new funding programme follows a series of recent loans facilitated by Dave Sherrington, regional head of sales at ThinCats to businesses in partnership with leading private equity houses. In January, ThinCats provided a £5m funding package for Flat Iron, an award-winning restaurant chain backed by consumer brands specialist Piper. ThinCats has also worked with Revolve Technologies to help fund their retail and US expansion, backed by Rockpool Investments
to simplify the traditional bank-dominated commercial lending model. Since being founded in 2011, ThinCats has lent over £400m to UK SMEs.
“Our mission is to level the playing field for British businesses whose growth ambitions are being held back by traditional lending models. We have helped a number of private equity houses with both portfolio businesses and new investments over the past year and this new funding programme will provide valuable transparency, clarity and structure to support entrepreneurs with their immediate and longer-term growth plans.”
“It is encouraging to see ThinCats partnering with private equity houses to support SMEs that have often found it challenging to access appropriate credit solutions. Their approach should benefit British entrepreneurs looking for investment to grow. We look forward to working with ThinCats to support ambitious and innovative business across the UK.”
Peter Kemp-Welch, partner, Piper said