The firm is latest in the industry to receive the UK 'regulatory thumbs up'.
ThinCats has become the latest fintech lending firm to be granted full authorisation by the Financial Conduct Authority.
This, the firm says, highlights the 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.”
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.