Thin Cats launches £100m funding programme for private equity backed SMEs
Fintech lender Thin Cats has launched a £100m funding programme for private equity backed small and medium businesses in the UK.
The loan provider is aiming to help private equity backed companies fund larger sized deals up to £15m.
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Recently the firm has provided London restaurant chain Flat Iron with a £5m funding package, backed by consumer brand specialist Piper, and helped to fund Revolve Technologies expand into the US.
Thin Cats chief development officer Damon Walford said: “Our mission is to level the playing field for British businesses whose growth ambitions are being held back by traditional lending models.
“We have helped a number of private equity houses with portfolio businesses and new investments over the past year and this new funding programme will provide valuable transparency, clarity and structure to support entrepreneurs with their immediate and longer-term growth plans.”
Piper partner Peter Kemp-Welch added: “We are increasingly seeing alternative funders in this space and enjoyed working with Thin Cats. Their team really understood Flat Iron’s ambitions and built a package to support the business’s growth.
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“We welcome this news and will continue to work together to support the next generation of entrepreneurs.”
Thin Cats provides funding ranging from £250,000 to £15m to UK businesses, and has lent over £400m to small and medium enterprises since it launched in 2011.