ThinCats joins NACFB as patron

The move comes as the peer-to-peer (P2P) lending platform looks to grow its loan origination avenues to provide a stream of options to its bank of lenders.

ThinCats recently announced that it was set to pass the £200m milestone in loans issued to UK SMEs.

Being an NACFB patron will provide a direct link with member brokers who demonstrate similar working methods to the ThinCats model, which uses sponsors who are financial experts who support every loan listed on the platform.

“We are keen to nurture and develop relationships with sponsors, old and new, through providing superior service and reciprocated leads,” ThinCats stated. 

“We feel that our support of NACFB demonstrates our determined commitment to our sponsors, borrowers and lenders.

“Ultimately, we hope that being active patrons of NACFB will help to boost the professionalism of those in P2P lending, educate those that are involved in providing related services, and help to grow the industry in the best way possible.”

Last month, Kevin Caley, founder and chairman of ThinCats, predicted that the launch of the Innovative Finance Isa would double the amount of P2P funding in the market.