FinTech targets £50m revenues after NatWest deal
The CEO of FinTech-focused Quint Group has targeted a leap in revenues following the completion of a £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 BusinessCloud that Quint will “remain focused on FinTech and look to add complimentary and synergistic businesses to our portfolio”
“[These] will add to our – and our target acquisitions’ – competitive advantage,” he said.
“Our headcount is currently around 140 and we expect this to continue to grow – due to both acquisitions and continued investment in our existing infrastructure.”
Quint owns Europe’s 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 £35m in the last financial year, a £3m rise on the previous year. Cox is now targeting a big leap for the current 12-month period.
“Revenues are expected to exceed £50m with a significant increase in profits,” he said.
He said there are no plans to float on the stock market in the near future “although an IPO is not ruled out at some stage”.
Quint has featured on BusinessCloud’s 251 North West Tech and 101 FinTech Disrupters lists in recent months.
“Being recognised for what we have achieved is great,” added Cox. “Whilst is doesn’t make an impact materially, it makes it easier to attract top talent to the business.”