David Brooks has joined fintech giant Quint Finance Group as US territory director as the company looks to drive its expansion strategy in the American marketplace.
David, who will be based at the Group’s new Los Angeles office, brings nearly ten years of consumer finance lead sales and marketing experience to Quint’s senior leadership team. Previously, as operations director for Simply Media Network, David was instrumental in launching the direct sales and marketing effort in the UK and, post-merger, managed Leadpoint UK, the UK's top lead exchange marketplace, driving significant growth through new product verticals and marketing channels.
Quint is an international, highly innovative fintech group operating in the consumer finance market. It is estimated that marketplace lenders in the US accounted for loan originations worth approximately US$23 billion in 2015, double that seen in 2014.
David 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.”
Quint uses its own in-house multi award winning technology, called Monevo, across all its mutually beneficial and strategically aligned financial businesses. Monevo is a B2B global technology platform which connects online lenders with third party affiliates and brokers who generate consumer traffic and applications. Its rules and proprietary data based ‘decisioning’ platform is fully integrated with the lender’s systems allowing them to be matched with customers that have already passed their internal underwriting and decision processes.
David added: “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, said: “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.”