Shawbrook Group is set to acquire ThinCats, a specialist lender.
The acquisition of ThinCats represents a strategic investment in accelerating the growth of Shawbrook’s existing presence in the specialist SME lending market.
ThinCats has an established market position, proven origination capabilities and a technology-enabled business model that is strategically aligned to Shawbrook’s. It will continue to operate as a separate brand with independent teams.
Marcelino Castrillo, CEO at Shawbrook, said: “ThinCats is a leading UK FinTech with an excellent track record for delivering bespoke funding to growth-focused SMEs, whose owners, management teams and sponsors value speed, flexibility and certainty.
“ThinCats’ approach is aligned to our own strategy of leveraging technology, credit excellence and an entrepreneurial culture to deliver a premium proposition to established UK SMEs.
“This acquisition will serve to further scale-up and deepen our presence in the very large and growing SME market. As part of the Shawbrook Group, the ThinCats proposition will benefit from our platform, including distribution channels, investment and funding structure, which will allow us to scale the brand more efficiently and serve even more UK SMEs with highly tailored funding solutions.“
Amany Attia, CEO at ThinCats, said: “Becoming part of Shawbrook represents an exciting step for ThinCats and a strong endorsement of our model, supporting established and growth-focused SMEs.
“Underpinned by the significant technology, data and capital resources of the wider Shawbrook Group, ThinCats will continue to offer the high levels of coverage, innovation, service, and ongoing borrower relationships that business owners, professional advisers and financial sponsors have come to expect.“
