SME funder ThinCats hits £1bn funding milestone - Business Leader News

SME funder ThinCats hits £1bn funding milestone


ThinCats, an alternative finance provider to mid-sized SMEs, has announced that the company has provided more than £1bn in total business lending. Following on from record levels in 2020, lending volumes have continued strongly during the first half of 2021.

Memery Crystal month banner

ThinCats recently announced a strategic investment in the company of £160m from Wafra Capital Partners which will enable ThinCats to lend a further £2bn to businesses across the UK.

Currently around 60% of ThinCats’ loans support businesses outside of London and the South East with 74% structured as cash flow loans.

Amany Attia, CEO ThinCats said: “Mid-sized SMEs have been underserved in terms of funding options for too long, so we are delighted to be providing a genuine alternative. Our model of creating bespoke funding solutions by combining the latest in data analytics with traditional lending at a local level has been well received by the professional advisor community and we thank them for their continued support.

“Whilst lending £1bn is a significant milestone, the recent investment from Wafra Capital Partners will enable us to substantially accelerate the number of businesses we can support in the future. Mid-sized businesses recognise the need to invest as the economy picks up again and we look forward to supporting many more with their growth ambitions.”

Click here for more content from our special scale-up month, brought you by Memery Crystal.