ThinCats is an alternative lender that provides business loans to mid-sized UK businesses using capital from institutional investors including pension schemes and asset managers.
ThinCats is dedicated to supporting growing and ambitious businesses with funding provided by institutional investors.
ThinCats was launched in 2011 and operates throughout the UK with offices in Ashby, Sheffield, Birmingham, Glasgow and London.
ThinCats combines the latest in data analytics with traditional lending skills and a regional network of business finance specialists, we create funding solutions from £1m up to £15m that are bespoke to the needs of every SME that we support.
ThinCats launched its data modelling system; PRISM (Propensity and Risk Model). This is used to help the business price risk and also looks to predict an SME’s future funding requirements.
ThinCats has already lent over £1.2 billion to over 1,600 business. Some of its lenders include Ergo 3, Ascona, P&D, SML Group, Antech, ACM, United Car Parts, REAMS, Cubico UK Ltd among many others.
ThinCats is backed by Insight Investment, Wafra Capital Partners (WCP), Waterfall Asset Management, BAE Systems Pensions, Quilam Capital, and others. The company raised an additional £100M ($135M) in financing on Feb 07, 2022. This brings ThinCats' total funding to £420M to date.