ThinCats, a peer to peer (P2P) lending platform specialising in secured business loans has received full authorisation from the Financial Conduct Authority (FCA).
The company said that the approval paves the way to providing a range of “smart investment products”.
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The lender is currently contemplating the launch of ISA, subject to approval of HM Revenue and Customs (HMRC).
John Mould, ThinCats CEO said: “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.”
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By GlobalData
