Quantum Capital Inc QTCI Quantum Capital, Inc., a fintech and services company that owns, operates, and is expanding a financial intermediary lending platform, today announces strategic plans on how it will become a global fintech player.
Since its inception, the company has been involved in a number of businessesnamely; natural medicine, vocational education and on June 30, 2022, it acquired Loan Base Pty Ltd. The company decided to focus on becoming a global fintech player offering personalized lending solutions that achieve their goals through their tailored lending solutions intermediary platform.
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On October 5, the company appointed Mr. Sakib Manzoor, an award-winning financial services professional with over 20 years’ experience in financial services, as its President & CEO.
Mr. Manzoor said, “a journey of 1000 miles starts with the question of where do you want to go? My team and I have put together the strategic plans for the company for next 5 years to achieve our vision of becoming the world’s premium, online, exclusive, convenient, and tailored lending solutions provider by 2030.”
During next 5 years Quantum Capital Inc aims to achieve the following key strategic objectives:
- Complete the development of our technology platform to be fully compliant in new jurisdictions that we plan to expand into, namely New Zealand, USA, Canada and the UK. The current platform is able to function within Australian legal framework.
- Expand in new markets starting with New Zealand and the USA markets as phase one of the expansion during 2023. Canada and the UK will be phase two of expansion plan.
- Grow the loan book from USD 0.37B to 2B within next 24 months by acquiring loan books and business acquisitions. The company simultaneously aims to increase the number of full-time employed brokers from current 4 to 10 during the next 24 months period.
- White label the mortgage product with a tier one partner to improve branding, customer experience and gross margins upon achieving a loan book value of USD 1B.
- License or franchise the Loan Base platform of new brokers to one broker operations in all jurisdictions we operate.
All these activities are currently underway, and the company shall communicate the progress of execution of each of the above strategic objectives.
Mr. Manpreet Singh, CFO of Quantum Capital, Inc. said, “We have conducted an internal audit of all our operations during last 60 days and have made significant cost reductions to ensure that our Loan Base operations are lean and effective to enable scalability.”
