ThinCats secures two new accreditations in drive for best practice

ThinCats has survived its assessment and received two new accreditations for best practice and industry standards.

ThinCats announces today that is has secured two key industry accreditations for best practice. The platform, has become a patron to the commercial finance broking authority, NACFB and has also been awarded a Defaqto 5 star rating for product quality.

ThinCats has announced its support of The National Association of Commercial Finance Brokers (NACFB), working with the body to encourage good practice, education and training within the industry. The patronage is a reflection of ThinCats’ continuous commitment and devotion of resources to its unique sponsorship network.

Coinciding with the recent patronage, Defaqto ratings are a reputable and independent industry standard for assessing the transparency and quality of financial products. It is important for these standards to be put in place to raise the reputation of small businesses within the industry and give a flat standard expectation to be followed.

ThinCats has been awarded a 5 star rating for best practice following the thorough assessment based on a range of criteria independently confirming the comprehensiveness of features and benefits available through the platform.

Damon Walford, chief development officer at ThinCats, comments that, over the last 5 years, ThinCats has strived to champion best practice in the emergent peer to peer sector, so we’re proud to have these two very well respected endorsements.

He adds, ‘Peer to peer may be a decade old, but it’s still coming of age, so it’s important that every player in this market works for the betterment of the sector as a whole.

‘Achieving a 5 Star rating from Defaqto demonstrates our commitment to both transparency and quality financial products for investors, borrowers and intermediaries alike, and we’re particularly proud of our new NACFB patronage, which is a testament to the seriousness with which we approach loan generation through our sponsorship network. As we pass the £200 million loan milestone, I hope these accreditations demonstrate our commitment to the future of a very buoyant market.’

Further reading on alternative lending

Related Topics

Leave a comment