The approval highlights the company’s commitment to protecting consumers and developing the alternative finance industry as a vital source of capital for businesses, and income for investors.

Authorisation paves the way to offering a full spectrum of smart investment products, with a number of developments planned including the launch of a ThinCats ISA, subject to obtaining ISA manager status from HMRC.

John Mould, CEO at ThinCats, commented: “We are delighted to have been granted FCA authorisation, proving the dedication of our team and processes. We are very happy that more and more alternative finance providers are now being authorised, as it ultimately proves that the industry deserves the trust and confidence of investors, advisors and SME borrowers alike.”