Macclesfield fintech firm Quint Group expands into the US
Quint has opened a new office in Los Angeles as it looks to continue growing its overseas operations.
Founded in 2009, Quint Group has over 100 staff, with 76 based at its head office in Macclesfield. It uses proprietary technology to provide a portfolio of online consumer credit services and brands.
David Brooks has joined the company as US territory director to head up the new office, bringing with him nearly 10 years of consumer finance lead sales and marketing experience.
In terms of market size for the company, it is estimated that marketplace lenders in the US accounted for loan originations worth approximately US$23bn in 2015, double that seen in 2014.
David commented: “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.”
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.”
Quint has operations in the UK, Poland, US and Australia.