ThinCats Business Update and New Loans

ThinCats are pleased to inform you that they have been making great progress with growth across all metrics in business. Membership, both registered and actively participating lenders has grown to well over 300 HNW and wholesale investors (lending via various structures including SMSF’s). Recent marketing and sales activity including a number of presentations to alliance partners and directly to investors has resulted in a daily upward movement in membership numbers, which is a fantastic result after just over 12 months of operation and ThinCats thank you for your support.

ThinCats are very close to receiving substantial equity and lending funds from our JV partners ThinCats UK/ESF Capital (the Alternative Finance fund that controls a majority stake of 74.3% in ThinCats UK). This support will enable them to grow their team, increase market presence and invest in technologies that will improve service to both lenders and borrowers. So ThinCats can now, with confidence support the huge demand from bankable SME’s for growth finance they are unable to get from the banks.

In the last 12 months ThinCats have funded over $2.2m in 17 loans with an average return to lenders of around 14% p.a. with no defaults to date.

In the next 12 months ThinCats are targeting $20m in loans and $100m in the year beyond. And the momentum with loan listing will continue in the coming months as it ramps up. They expect to list between 3-5 loans per month over the next quarter and then increase to 8-10 loans in the months after. It is important to note that this largely “unserviced” market of growing SME borrowers is larger than $10b p.a. so there’s significant growth potential.

If you are already a participating lender please look out for the email announcing a new loan listing (loan for $300k, P&I over 36 months, paying 13% p.a.).

If not, this is a great time for you to complete your membership registration visiting www.thincats.com.au and to become an active lender. Feel free to call them if you require any clarification. 

As always it’s about return and risk diversification and with the minimum bid amount of $1k per loan you have the opportunity to really diversify your portfolio within a unique Fixed Income Asset Class.

ThinCats look forward to welcoming you as an active member of ThinCats, Australia’s first Peer to Business lending platform and encourage you to communicate this unique opportunity to your network of both SME borrowers and HNW investors.