£12m funding record sets ThinCats up for growth in 2018
ThinCats is set to achieve new levels of growth during the next 12 months after a successful 2017, in which the firm broke records, achieved full FCA regulation, trebled the monitoring, securities and origination teams and underwent a full rebranding programme.
December was a record month, with just over £12m of funding listed on the ThinCats platform. This followed the biggest-ever ThinCats-listed loan of £6.7m to the Chelsea Yacht & Boat Company at the end of September.
Further milestones in 2017 included the conclusion of a £200m funding programme for UK SMEs, alongside institutional investors including Waterfall Asset Management, and making £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, chief development officer 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.”
ThinCats undertook a total rebrand in December last year, reflecting the evolution of the business, and now has a brand new corporate identity and website, as well as a completely new look.
Damon added: “It was 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.”