Thincats was launched in 2011 as one of the first peer-to-business lenders in the UK allowing individuals to lend money to limited companies.

[1] The company was set up to help meet demand for funding generated largely by the withdrawal of the banks after the 2007–2008 financial crisis.

In December 2015, ESF Capital (European Speciality Finance) Limited purchased a 73.4% equity stake in ThinCats.

[2] In December 2019, ThinCats announced that all future funding would be sourced from institutional investors only, letting its P2P platform go into administration.

ThinCats enables institutional investors looking for income from an alternative asset class to lend directly to UK businesses.