/retail banking

News and resources on retail banking, consumer finance and reinventing customer experience in finance.

Alternative lender ThinCats scores £160m investment

ThinCats, an alternative lender to UK SMEs, has secured a £160 million strategic investment from Wafra Capital Partners (WCP).

  0 Be the first to comment

Alternative lender ThinCats scores £160m investment

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

ThinCats, which has already lent nearly £1 billion to SMEs, says the investment, alongside two bank funding agreements, will enable it to lend another £2 billion.

Amany Attia, CEO, ThinCats, says: “This is an important next step for us as a lender and allows us to bring the benefits of non-bank lending to a wider universe of mid-sized businesses.”

Rachid Ouaich, MD - Europe, WCP, adds: “We have known ThinCats for a couple of years and been impressed how they have been able to scale the business, create a profitable platform and navigate the pandemic.

"Our capital is perfectly suited to assisting ThinCats on its next stage of growth."

Sponsored [Webinar] The Multi-Cloud Imperative: Creating Successful Strategies for Payments Resilience

Related Company

Channels

Comments: (0)

[New Report] The Future of Payments in Major Global Markets: A Mid-Decade ReviewFinextra Promoted[New Report] The Future of Payments in Major Global Markets: A Mid-Decade Review[New Report] The Future of Payments in Major Global Markets: A Mid-Decade Review