North West FinTech secures £16.5m from NatWest
A North West-headquartered international FinTech group has secured £16.5m financing deal from NatWest Bank.
Quint Group, founded in 2009, has operations in the UK, 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.
It also 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.
The new revolving credit facility from NatWest allows the group to refinance it’s existing facilities with Tosca Capital as well as providing access to further funding, which will allow it to drive continued growth through acquisitions.
"Securing this facility for the group is extremely positive, giving us an even stronger financial foundation and increased resources to support to deliver our long-term goals,” said Anuj Bhatnagar, Quint’s CFO.
Richard Smart, managing director, head of regional structured finance at NatWest, added: “We are delighted to have supported Quint Group on the next stage of their exciting growth journey and we are looking forward to supporting their continued UK and international expansion.
"This is another great example of our ability and desire to support high growth, high potential SMEs achieve their strategic growth ambitions.”