CCR Magazine

CSA Top Banner
You are here  :Home arrow News arrow Quint raises £10m to fun recapitalisation
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Quint raises £10m to fun recapitalisation PDF Print E-mail
Wednesday, 29 March 2017
NORTH West headquartered Quint Group, a leading international, highly innovative fintech group operating in the consumer finance market, has secured a £10m financing deal from Manchester based Tosca Debt Capital to fund its recapitalisation. 

Founded in 2009, Quint is one of the fastest growing fintech businesses in the UK, with operations in the UK, US, Australia, Poland, China and South Africa.

Quint is the company behind the UK’s fastest growing consumer price comparison site MoneyGuru.com*. It also owns and operates a portfolio of mutually beneficial and strategically aligned financial technology businesses in the consumer credit sector, including business-to-business lending marketplace and platform, Monevo, consumer credit reporting and financial management services such as Credit Angel, as well as its data business, Monevo Data Services which develops and provides cutting edge credit, risk, marketing and analytical data to the financial services sector.

These are all powered by Quint’s market leading proprietary technologies and infrastructure, which links and provides services to consumers and credit providers in an otherwise fragmented online marketplace.

Quint Group has grown rapidly, funded by strong profit growth. The introduction of a debt facility from Tosca Debt Capital to re-finance the Group sees Greg Cox its founder and CEO increase his stake in the Group to 90%.

Quint continues to experience exceptional growth and is seeing strong traction in its data services business and new US and Polish markets. Profits in 2017/18 are expected to approach £10m, when the Group expects to take on an investing partner to provide funding for further organic and acquisitive growth.

Greg Cox, CEO of Quint Group, commented: “It’s a very exciting time for Quint and I’m very pleased that Tosca have supported us in this important stage of our growth. 2017 represents a huge opportunity for us to consolidate and grow our international presence and new businesses while continuing to innovate in our chosen markets. This will be our focus for the coming year.”

Richard Williams, Partner at Tosca Debt Capital, commented: “We're delighted to have been able to support the Quint team in completing this transaction. The deal will enable Quint to achieve its full potential in terms of growth and importantly ensure shareholder value is maximised over the next few years.

“This is another example of Tosca Debt Capital funding a high-quality business in the North of England and supports our ethos of being relationship-focussed and regionally committed.”

The Group was supported by PWC and EY in relation to the commercial and financial due diligence with Cavendish Corporate Finance advising on the deal.
 
Enghouse Side Banner

CSA side

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197