ThinCats, a UK based peer to peer lending platform focusing on SMEs, has been acquired by European Specialty Finance (ESF) Capital who invest in, and underwrite loans on various European P2P platforms.
| less than a minute read
ThinCats Acquired. ESF Takes Majority Stake as New CEO Appointed
Get in touch
.jpg)
Get in touch
ThinCats (the opposite of “Fat Cats” as in bankers) has originated over £140 million in P2P loans since its founding. ESF seeks to enhance the ThinCats’ “proposition” for both lenders and borrowers through technology and marketing resources, product development, and additional staff. ESF is also providing underwriting and lending capital to accelerate loan growth. ESF was founded in July 2015 and is described as a “P2P investment and operating business” backed by US and UK institutions. ESF is providing acceleration capital in the form of strategic and operating resource, investment capital, and speciality lending capital and is focused on the SME market in Europe. The acquisition is intended to accelerate platform growth. ESF invests in, and underwrites the loans on, various European P2P platforms.
Get in touch
Get in touch
