AltFi.com uses cookies on this website. They help us to know a little bit about how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your device. By continuing to use this site you accept this use of cookies. Go to the Privacy and Cookies page for more information. You'll see this message only once.
Not signed in. Log in here.

Your daily download of all things alternative finance and fintech, from us at AltFi


 

ThinCats gains full FCA authorisation, plots IFISA launch




By Daniel Lanyon on 8th August 2017


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.”

ESF Capital acquired a 73.4% equity stake in secured business lending platform ThinCats in early December 2015.

Comments


Enter your name:

Enter a comment in the box below: