LONDON, September 11, 2013 /PRNewswire/ --
Quintessential Finance Group, the UK's leading financial technology (fin-tech) business, has announced that its turnover trebled in the last 12 months.
Turnover grew from £11 million in 2012 to over £34 million, primarily through its Pingtree technology, which plugs financial businesses and websites into an entire market of lenders or providers.
With over 1,000 active partners and affiliates, the business generates over 400,000 loan and insurance applications a month.
The technology also supports a host of consumer-facing brands owned by the group, including myfinance.co.uk, myinsurance.co.uk, purplepayday.com and Epic Loans.
Based in Cheshire, the group operates in sectors including personal loans, short-term loans, insurance, debt consolidation, financial claims, credit reporting and data services and price comparison.
One of the new breed of fin-tech businesses, Quintessential was founded in 2006 by entrepreneur Greg Cox, and after initially focusing on the secured loan sector, diversified into wider financial services, developing a portfolio of online products and services.
Greg Cox, chief executive of Quintessential Finance Group, said: "The growth of Quintessential and its key products, like Pingtree, is no accident. The way in which people purchase financial services and products, including how they borrow and save, has changed. The emergence and adoption of new technology is driving choice, and with it increasing competition.
"Consumers demand quick and easy access to solutions, wanting decisions in minutes, whilst providers need a consistent high quality supply of customers. Our technology helps to fulfil those needs by bridging the gap between the consumer and multiple lenders or providers.
"The secret to our success has been developing powerful software solutions to make this process able to work in real-time for both audiences.
"We support this with exceptional customer service, in order to build strategic partnerships that are profitable and fruitful for everyone involved."
Quintessential is looking to continue its growth in 2013, as it expands into new international markets, opening its first permanent US office, as well as now operating in Australia, New Zealand and, shortly, Canada and Brazil.
It also continues to innovate and push its technology in order to improve its range of products, which will include launching new consumer-facing financial and insurance comparison sites this year.
Quintessential is taking its largest-ever presence to ad:tech 2013, the UK's leading digital marketing exhibition and expo, held from 11-12 September at Olympia in London. The senior team, including CEO Greg Cox and Managing Director Mike Ransom, will be meeting with online media groups, existing and potential partners and will be available for meetings at Stand 242.
Notes to editor:
Quintessential Finance Group is a leading-edge financial services technology provider and one of the UK's largest independent financial solutions groups. Its technology helps to power market-leading consumer finance brands and businesses, as well as its own products and services. Founded in 2006, the company is based from its headquarters in Cheshire, and now operates in more than five countries worldwide, with over 100 employees servicing both business and marketing directly to consumers.
SOURCE Quintessential Finance Group Ltd