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Technology

Posted on March 5, 2019 by staff

FinTech targets 拢50m revenues after NatWest deal

Technology

The CEO of FinTech-focused Quint Group has targeted a leap in revenues following the completion of a 拢16.5m financing deal with NatWest.

Greg Cox is co-founder of the Macclesfield-headquartered international group, which also has operations in the US, Australia, Poland, China and South Africa.

It owns and operates a portfolio of financial technology businesses in the consumer credit sector and is the company behind credit comparison site MoneyGuru.com.

He told 老九品茶Cloud that Quint will 鈥渞emain focused on FinTech and look to add complimentary and synergistic businesses to our portfolio鈥

鈥淸These] will add to our 鈥 and our target acquisitions鈥 鈥 competitive advantage,鈥 he said.

鈥淥ur headcount is currently around 140 and we expect this to continue to grow 鈥 due to both acquisitions and continued investment in our existing infrastructure.鈥

Quint owns Europe鈥檚 largest personal loan marketplace and platform, Monevo.com, consumer credit reporting and financial management app Credit Angel, as well as its data business, Infinian which develops and provides niche credit, risk, and customer insight data to the financial services sector.

Its turnover rose to more than 拢35m in the last financial year, a 拢3m rise on the previous year. Cox is now targeting a big leap for the current 12-month period.

鈥淩evenues are expected to exceed 拢50m with a significant increase in profits,鈥 he said.

He said there are no plans to float on the stock market in the near future 鈥渁lthough an IPO is not ruled out at some stage鈥.

Quint has featured on 老九品茶Cloud鈥檚 251 North West Tech and 101 FinTech Disrupters lists in recent months.

鈥淏eing recognised for what we have achieved is great,鈥 added Cox. 鈥淲hilst is doesn鈥檛 make an impact materially, it makes it easier to attract top talent to the business.鈥

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