Profit surge for Quint

Macclesfield-based Quint Group is celebrating a record year of growth with a profits surge of over 250%.

The fintech company’s underlying profits hit £5.9m in the 12 months to March 2017, up from £1.6m the year previous.

Turnover also rose during the period, increasing year on year by 64% to £31.9m.

The firm attributed the figures to a number of factors, including the September 2016 launch of its consumer credit comparison site, MoneyGuru.com, and growth in its Monevo businesses.

Quint owns and operates four fintech brands in the consumer credit sector; MoneyGuru.com, Credit Angel, lending platform Monevo and data business Monevo Data Services.

The company employs more than 100 staff at offices in America, Poland and Australia, with tech hubs in China and South Africa.

Founder and chief exec Greg Cox said: “It’s been a fantastic year for Quint and we expect our turnover to exceed £50m in the current financial year and profits to approach £10m.

“The launch of MoneyGuru.com has added another facet to the Group and we’ve been really pleased with the response to it.”

He continued: “Our mission at Quint is for our services to become part of the market infrastructure in our core markets, in the same way credit bureaus are today. Although we already operate in four territories, further global expansion is a key focus, alongside the continued development and optimisation of our products and services.

“This, we hope, will lead to Quint’s revenues exceeding £75m in 2019.”