Breaking News
ThinCats secures up to £100 million in additional funding for SMEs with extension of Insight Investment partnership
ThinCats, the leading alternative finance provider to mid-sized SMEs, has today announced an extension of its partnership with specialist global asset manager Insight Investment, which has agreed to allocate a further investment of up to £100 million from its funds under management.
The new capital will be deployed by ThinCats as a senior finance line to support SMEs across the UK and follows an earlier participation from Insight Investment managed funds in September 2018. Insight Investment’s managed funds are part of a panel of senior investors, including Barclays and Citi, which is deployed alongside ThinCats’ own capital.
Shaheer Guirguis, Head of Secured Finance, Insight Investment: “Insight has partnered with ThinCats for more than three years and seen it grow from strength to strength. During this time, and despite the substantial economic impact caused by the Covid pandemic, our investment capital has continued to provide valuable support to UK SMEs while delivering good risk-adjusted returns to our investors. We are delighted to be continuing our relationship through this further investment of £100 million.”
Ravi Anand, Managing Director, ThinCats: “The relationship between ThinCats and Insight Investment has been a successful one, and we are pleased to be extending the partnership in this way. The new investment will provide much needed additional support for mid-sized SMEs as they invest in their post-pandemic growth strategies. Adding this new investment to the existing capital of our investor panel, alongside our own funding, means we have £650 million currently available to deploy in support of businesses across the UK.”
- INSTANDA Expands APAC Presence with Senior Business Development Appointment Read more
- Experian Launches Cashflow Score to Signal New Era of Open Banking-Powered Lending Read more
- Curve Doubles Down on Human-Centric Customer Experience with +50 New Hires to Support Growing User Base Read more
- Peak3 Redefines How Insurers Drive Customer Engagement With ‘Accumulator Insurance Propositions’ Read more
- 3.6 Times Surge in Mobile Banking Malware and 83% Crypto Phishing Spike: New Financial Cyberthreats Report by Kaspersky Read more
Experian Launches Cashflow Score to Signal New Era of Open Banking-Powered Lending
Experian® today announced the launch of Cashflow Score, the latest in a short list of products that may be used to make lending decisions
Fintech Growth and Rising AI Investment Drive Transformation in UK Hiring for Internal Audit
The UK internal audit job market is rebounding sharply in early 2025, driven by regulatory pressures from the Economic Crime and Corporate Transparency Act (ECCTA) and updates to the Foreign Corrupt Practices Act (FCPA). In January 2025, vacancies jumped 70% month-on-month, reflecting firms’ urgent push to strengthen compliance. London’s share fell to 46% as financial institutions expanded risk functions across regional hubs. With enforcement tightening and corporate liability rising, demand for internal auditors is expected to continue growing throughout 2025, reversing 2024’s hiring slowdown.
AI Fintech Aveni Wins Best Specialist Technology Service at Professional Adviser Awards 2025
Aveni.ai, the Scottish AI Fintech, was last night announced winner of the ‘Best Specialist Technology Service’ category at the Professional Adviser Awards 2025. Amongst a strong category of technology specialists Aveni was delighted to achieve the trophy.
Vanquis Banking Group Chooses FinScan to Help Optimize AML Processes and Strengthen Financial Crime Risk Management
FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, has signed UK-based Vanquis Banking Group plc, a leading FTSE All Share specialist bank, to further strengthen its AML processes and financial crime risk management.
Unity Trust Bank Marks 40 Years of Impact with Increase in Lending to Areas of High Deprivation
Unity Trust Bank, which supports organisations that create positive social impact across the UK, has reported that more than half of its lending went to customers delivering services in areas of high deprivation in 2024.
Solaris Investor SBI Completes Ownership Process
Solaris, Europe’s leading embedded finance platform, announced today that investor SBI Group has passed the required regulatory ownership control process.
Trade Ledger and Bank of Queensland Group Announce Landmark Long-term Partnership to Revolutionise Asset Finance Lending in Australia
Trade Ledger and Bank of Queensland Group have entered a groundbreaking long-term partnership to revolutionise asset finance lending for SMEs
INSTANDA Expands APAC Presence with Senior Business Development Appointment
INSTANDA is thrilled to announce the arrival of Jerry Hall as the new Sales Go-to-Market Leader for the APAC region.
Experian Launches Cashflow Score to Signal New Era of Open Banking-Powered Lending
Experian® today announced the launch of Cashflow Score, the latest in a short list of products that may be used to make lending decisions
Curve Doubles Down on Human-Centric Customer Experience with +50 New Hires to Support Growing User Base
Curve is expanding its Customer Experience (CX) team with over 50 new hires underscoring their dedication to a customer-first philosophy
Peak3 Redefines How Insurers Drive Customer Engagement With ‘Accumulator Insurance Propositions’
Peak3 is redefining how insurers engage with customers through its innovative accumulator insurance propositions
3.6 Times Surge in Mobile Banking Malware and 83% Crypto Phishing Spike: New Financial Cyberthreats Report by Kaspersky
In 2024, as digital financial transactions continued to expand worldwide, cybercriminals shifted their focus toward mobile devices and crypto assets. According to Kaspersky’s new Financial Cyberthreats report, the number of users encountering mobile banking Trojans rose by 3.6 times compared to 2023, while crypto‑related phishing detections climbed by 83.4%.
Fintech Growth and Rising AI Investment Drive Transformation in UK Hiring for Internal Audit
The UK internal audit job market is rebounding sharply in early 2025, driven by regulatory pressures from the Economic Crime and Corporate Transparency Act (ECCTA) and updates to the Foreign Corrupt Practices Act (FCPA). In January 2025, vacancies jumped 70% month-on-month, reflecting firms’ urgent push to strengthen compliance. London’s share fell to 46% as financial institutions expanded risk functions across regional hubs. With enforcement tightening and corporate liability rising, demand for internal auditors is expected to continue growing throughout 2025, reversing 2024’s hiring slowdown.
Bitget Wallet’s Onchain Report: 46% Favor Crypto Payment for Speed, but Security Concern Slows Adoption
Bitget Wallet, a leading Web3 non-custodial wallet, has released its latest Onchain Report, revealing that 46% of users surveyed prefer crypto payments for speed, while 37% cite security risks as a key barrier.