ThinCats, a company that offers alternative lending to SMEs, has raised £160mn.
In Brief:
This comes as a strategic investment from Wafra Capital Partners (WCP).
ThinCats has so far lent almost £1bn to SMEs.
The business offers non-bank loans from £1mn-£15mn.
What does this mean?
CEO of ThinCats, Amany Atta, said the new funding will enable it to bring “non-bank lending” and its benefits to a wider range of mid-sized companies.
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