ThinCats provides secured business loans. As an investor you are giving money to a business borrower.
Key Facts & Figures
Minimum Investment: £1000
Minimum Term: 6 months
Requirements to invest: Individuals, limited companies and pension funds. However, ThinCats is intended for experienced investors who probably already manage a portfolio of investments. You must invest in sterling and transfer from a bank that has acceptable Anti Money Laundering Policies (all EU banks are included)
Cumulative volume lent: £126,9327,000
Type of borrower: Businesses
Money lent in last 12 months: £50,005,000
Market share over last 3 months according to Liberum AltFi Volume Index UK: 1.66%
Current rate of return: 9% Weighted average interest after all costs and provisions for losses but before income tax
Getting money on the platform
How to invest
There are two types of auction:
Do investors get a choice of what they invest in?
Yes - you may select the company you wish to invest in
Monitoring your account
Investors can view and monitor their investments from their dashboard
Understanding the risk
ThinCats operates a secondary market where investors may be able to sell their loans before the normal loan term ends. The ability to sell and the price you receive depends on the supply and demand at the time. Usually loans sell on the secondary market very quickly and often at a profit. When there is a problem or uncertainty over a loan then it cannot be sold on the secondary market. For example, if the borrower has missed a repayment.