CCR Magazine

You are here  :Home arrow News arrow "Deloitte P2P report has missed the point" - comment from Kevin Caley, founder of ThinCats
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


"Deloitte P2P report has missed the point" - comment from Kevin Caley, founder of ThinCats PDF Print E-mail
Monday, 23 May 2016
Responding to Deloitte’s report that the peer-to-peer lending industry poses little threat to the high-street banks,   Kevin Caley, Founder and Chairman of peer-to-peer lender ThinCats, said:   “Deloitte’s report appears to misunderstand how peer-to-peer lending works when it claims high rates will deter businesses from turning to alternative finance. Rates of lending and borrowing are dictated by supply and demand, so if businesses are no longer willing to pay them, the market dictates that they will fall.

“Since its relatively recent inception, peer-to-peer lending has offered an alternative and often more accessible route to much-needed funding, benefitting thousands of small and medium sized businesses. The sector’s popularity has exploded in recent years, with last year’s industry lending figure of £2.2billion equalling the total lending figure in all the years prior to this.

“This said, the industry is under no illusion that it will topple high-street banks, which have existed for hundreds of years, nor does it want to become like them. The sector is becoming more mainstream, but it will always remain an alternative to high-street banks, whether you’re a saver looking for better returns or a business unable to find the loan to suit your needs.”

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197