Damon Walford, CDO at ThinCats (pictured above), said: “Our mission is to level the playing field for British businesses whose growth ambitions are being held back by traditional lending models.”
With close to £1bn of capital to invest, ThinCats is seeing increasing demand from private equity-backed businesses.
Damon stated that the new funding programme would provide “valuable transparency” to support entrepreneurs with their growth plans.
- ThinCats supports cyber-security specialist with £7m facility
- ThinCats lends £112m to UK SMEs in 2018
- Creative industries hampered by late payments in 2018
This news follows ThinCats’ provision of a £5m funding package for restaurant chain Flat Iron in January, which was backed by consumer brands specialist Piper.
Peter Kemp-Welch, partner at Piper, added: “[ThinCats’] team really understood Flat Iron’s ambitions and built a package to support the business’s growth.
“We welcome this news and will continue to work together to support the next generation of entrepreneurs.”
Leave a comment