SME lender, ThinCats, has announced the completion of its acquisition by Shawbrook.
For customers, nothing changes. ThinCats will continue to operate with the same brand, with the added backing and scale of Shawbrook to to expand its offering and support growth for mid-sized SMEs across the UK.
As part of this transition, Amany Attia, CEO, and Ravi Anand, MD, will be stepping away from the business. Amany will remain involved for the next three months to support the transition and ensure continuity for customers and employees.
Mike Hackett, chief commercial officer at ThinCats, commented: “We are proud of what we’ve built and grateful to our customers and partners who have trusted us along the way. Joining Shawbrook is an exciting new chapter that will allow us to do even more for the SME community.
"Our customers can be assured that we will continue to operate the same way, with continuity in relationships and service, while gaining the strength of additional resources and scale to support their future growth. We are hugely grateful to Amany and Ravi for everything they’ve achieved in building such a strong business and we wish them every success in their future ventures.”
