Quint bound for L.A.

Macclesfield-headquartered Quint Group has opened a new office in Los Angeles.

Founded in 2009, the financial-technology company, based in Oxford Road, operates in UK, Poland, US and Australian territories employing over 100 staff, of which 76 are based at the company’s Macclesfield HQ.

Quint uses proprietary technology to provide a portfolio of leading online consumer credit services and brands. The Group was founded in 2009 in response to a rapidly changing consumer finance environment driven by advancements in technology, the emergence of alternative lenders and a shift to online operating models. Technology and innovation has been at the core of the business since inception and this enables it to react quickly to changes in the market to deploy new products and processes.

David Brooks, who has nearly ten years of consumer finance experience, has joined the company as US territory director to head up the new office.

The business uses its own in-house technology platform, Monevo, to connect online lenders with third party affiliates and brokers who generate consumer traffic and applications.

He said: “It’s a really exciting time to be joining Quint and leading the US effort. The online personal loan market here is growing fast and our proprietary technology platform Monevo is perfectly positioned to support lenders and online marketers, while ensuring consumers get the best outcome.”

“Over the next few months I expect to see a rapid growth in loan applications through Monevo as we go live with both our own marketing effort and introducing some of our larger affiliates to the supply chain.

“Longer term, we have some exciting plans, already in development, for a major credit comparison site for US consumers under our MoneyGuru.com brand, as well as diversifying the product range utilising our market-leading technology.”

Greg Cox, chief executive and co-founder of Quint Finance Group, added: “The American market is somewhere we see a lot of growth potential for Quint Group.

“David has an impressive portfolio of sales, performance marketing and management skills, coupled with experience in building business channels from scratch. This makes him an ideal fit to head up our efforts in the US.

“Consumers are now identifying online lending as a legitimate way to borrow and we expect to see this model becoming the norm.

“We are already at the forefront of UK legislation compliance, but regulation for online market place lending in the US is still maturing, so with our knowledge of ethical consumer-focussed lending, innovative technology and David in charge, we are looking forward to becoming a major player in US finance circles.”