Kevin Caley
Kevin has managed early stage venture capital funds for over 30 years, making several hundred investments alongside business angel investors. In November 2009, during discussions with a group of private co-investors about the problems caused by the 'credit crunch,' he identified the need for a way to bypass banks and make secured loans directly to businesses. The result was the p2p lending platform operating as an investment club for serious investors and seeking to provide a new type of low risk, non-volatile asset class whilst providing much needed loan funding for businesses. ThinCats uses traditional 'relationship banking' techniques together with sophisticated credit scoring to make secured loans in the £100k to £5m range. Kevin describes ThinCats as behaving like the banks should. In November 2015, ESF Capital acquired a majority shareholding in ThinCats and the resulting investment is accelerating growth.