Peer - to - peer business lender , ThinCats , has outlined its plans for its forthcoming Innovative Finance ISA ( IF ISA ) which should be available next year , subject to achieving full FCA approval . The ThinCats ISA will be available to all UK taxpayers, but existing ThinCats members will be given priority if demand is very high.” Instead of moving towards homogenised financial products , ThinCats will apparently retain its auction approach , allowing members to select their own ISA investments from a range of business sectors and bid for the interest rate they want to earn . An internal poll of ThinCats members has revealed that 80 % are planning to take advantage of the scheme , with 68 % of those members intending to commit their full ISA allowance . “ 2016 is going to be a landmark year for the peer to peer industry . The huge influx of ISA money will more than double the size of the market within a few months and make this unique asset class a must - have component of any well balanced investment portfolio , ” said Kevin Caley , founder and chairman of ThinCats .
Peer - to - peer business lender , ThinCats , has outlined its plans for its forthcoming Innovative Finance ISA ( IF ISA ) which should be available next year , subject to achieving full FCA approval . Instead of moving towards homogenised financial products , ThinCats will apparently retain its auction approach , allowing members to select their own ISA investments from a range of business sectors and bid for the interest rate they want to earn . An internal poll of ThinCats members has revealed that 80 % are planning to take advantage of the scheme , with 68 % of those members intending to commit their full ISA allowance . “ 2016 is going to be a landmark year for the peer to peer industry . The huge influx of ISA money will more than double the size of the market within a few months and make this unique asset class a must - have component of any well balanced investment portfolio , ” said Kevin Caley , founder and chairman of ThinCats .