ThinCats, a peer-to-peer (P2P) lending firm which has lent over £140 million since it was founded five years ago has been bought out. New CEO Mould said the ThinCats had a unique foundation along with the largest average loan size in the P2P SME sector. The firm recently sold a 73.4% stake to what is claimed to be "Europe's first peer-to-peer institutional accelerator", ESF Capital. ESF invests in, and underwrites the loans on, selected European P2P platforms offering operational expertise to accelerate the growth of such platforms. In an announcement on its website, ESF's managing director for Europe, Peter van der Linden, said: "We are delighted that we have reached this important milestone in our journey as one of Europe’s leading financial technology
ThinCats, a peer-to-peer (P2P) lending firm which has lent over £140 million since it was founded five years ago has been bought out. The firm recently sold a 73.4% stake to what is claimed to be "Europe's first peer-to-peer institutional accelerator", ESF Capital. ESF invests in, and underwrites the loans on, selected European P2P platforms offering operational expertise to accelerate the growth of such platforms. In an announcement on its website, ESF's managing director for Europe, Peter van der Linden, said: "We are delighted that we have reached this important milestone in our journey as one of Europe’s leading financial technology