Various credit score investor Fintex Capital has expanded its assist to SME lender ThinCats with a further £5m in mezzanine funding, taking Fintex Capital’s whole debt funding with ThinCats to £12m.
The funding is supplied by Fintex Specialty Finance UK, the agency’s flagship discretionary funding fund.
“We’re delighted to proceed supporting credit-worthy mid-size companies with loans expertly underwritten by ThinCats,” Robert Stafler, CEO of Fintex Capital, stated.
“2024 is about to be a troublesome yr for a lot of and it’s nice to kickstart the yr by rising our assist for mid-size UK companies, the lifeblood of the UK economic system.”
Since Covid, the funding partnership between Fintex Capital and ThinCats has helped assist over 70 mid-size UK companies with round £250m value of credit score.
“Having began our funding partnership within the midst of the Covid-19 pandemic, it’s good to see its dedication develop,” Ravi Anand, managing director of ThinCats, stated.
“This funding line continues to have a significant affect and goes a good distance in serving to enterprise homeowners to proceed to make a precious contribution to our economic system.”
