ThinCats hires new CFO

Alternative lender ThinCats has appointed Dan Hartley as its new chief financial officer.

Hartley was most recently chief investment officer at the Lowell Group. Prior to this, he worked for the FTSE-listed company Arrow Global where he was group treasurer. 

Rajeev Raichura, ThinCats’ CFO since February 2022, will stay on until the end of the year. Raichura is leaving to pursue his own business venture and spend more time with his young family, according to a statement from the firm.

“Alternative lenders continue to grow their share of the funding market and ThinCats has made great progress over the last few years with ambitious plans for future growth. I am excited to be playing a part in delivering more funding to UK entrepreneurs,” Dan Hartley, ThinCats’s new CFO said.

ThinCats serves the mid-sized SME lending markets with business loans typically from £1m up to £15m. It has lent about £1.4bn since its inception. 

ThinCats saw a record level lending in the first half of 2023, hitting £191m.

“Dan is set to play a vital strategic and operational role as ThinCats continues to scale. His previous experience in private credit is well matched to our mission of helping many more mid-sized SMEs access the funding they need to thrive,” Amany Attia, CEO of ThinCats said. 

“I would also like to thank our departing CFO, Rajeev Raichura, for his tremendous contribution to ThinCats and wish him all the very best for the future,” she added.