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ThinCats celebrates its first birthday
ThinCats, a peer-to-business lending, celebrates its first birthday this month. Perhaps we don't mention ThinCats enough on the P2P Money blog - perhaps as it requires lenders to lend in £1000 chunks - but ThinCats (like Funding Circle and RateSetter) have gone from nothing to millions of pounds of loans within their first year. ThinCats has clearly established itself as the fourth peer-provider in the UK and is around 5 times the size (by loans to date) of its next nearest competitor.
While Funding Circle is the clear leader in the peer-to-business arena, ThinCats is still an important contributor in this field.