ThinCats gains full FCA authorisation, plots IFISA launch

By Daniel Lanyon on 8th August 2017

P2P/Marketplace LendingAlternative Credit

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.”

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

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