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Thincats P2P closing

Any other investment discussions eg. peer to peer lending
gbjbaanb
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Thincats P2P closing

#270366

Postby gbjbaanb » December 10th, 2019, 1:02 pm

Got a email yesterday saying that Thincats were not getting enough new business in and so were going to close down completely. Wind down and get your money out (which I had been doing for some time, cue smug grin).

I also noticed that Zopa have a big banner saying I needed to confirm I know what I was doing by investing in P2P (as I took my last £12.07 out) so I have a feeling the P2P market is dead. No easy money to be made, government crackdown on regulations, so the sector is looking like its now matured.

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Re: Thincats P2P closing

#270806

Postby Grumpsimus » December 13th, 2019, 10:54 am

The heading for your post is misleading. Thincats are not closing completely, they are closing to new retail business and money will gradually be returned to retail investors.

The company will remain open to Institutional investors, where they have £800m to lend.


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