Peer-to-Business lending platform ThinCats Australia connects wholesale investors with SME borrowers across Australia. A new player in the FinTech space, they are poised to provide a disruptive service benefiting both borrowers and lenders.
Borrowers: They’re here to offer a better option with medium-to-long term loans (2 to 5 years) to facilitate cash flow for real business growth at lower rates than the short term non-bank lenders.
Lenders: They deliver access to a new fixed income asset class with higher returns and risk diversification through secured fractional lending to multiple businesses. All in one easy to use technology platform where you can view and directly lend to businesses that you choose.
Launched in December 2014, ThinCats Australia operates under an Australian financial services licence and is 25% owned by ThinCats UK, one of UK’s leading P2B lender to SMEs.
ThinCats Australia has delivered its initial set of loans at interest rates ranging from 11.5% to 14% to diverse businesses including a stone importer for the building industry, commercial solar energy systems supplier, and an industrial and commercial auctioneer. These rates reflect the strength and experience of the borrowers concerned.