ALDERLEY EDGE, 1 FEBRUARY, 2021 - Monevo, Europe’s largest personal credit platform & API, today announced the appointment of Lee Stretton as Chief Innovation Officer.
Based at Monevo’s headquarters in Cheshire, Lee will be responsible for overseeing product, data and technology for Monevo as well as working closely with the Monevo Territory Directors on overall strategy.
Lee joins Monevo with over 20 years’ experience in tech & Fintech, most recently as Managing Director of Raisin UK, a European fintech business backed by Paypal and Ribbit Ventures among others that gives consumers across the UK and Europe a single marketplace to open and manage savings accounts. Prior to being Managing Director, Lee was Chief Technology Officer at Raisin.
Lee previously held multiple leadership and director roles in other businesses in the financial services sector, including a business he founded and exited. Over the course of his career, he gained experience in supporting and growing businesses, as well as a wealth of IT and operations expertise in software development, regulatory, operational and product development.
While at the helm of Raisin UK, Lee navigated the company’s growth from a standing start-up to a company that brokered over £1bn in savings accounts within 2 years. This helped both UK consumers access online savings accounts and banks find alternative sources of funds to meet their NSFR requirements.
Monevo Founder and CEO, Greg Cox, said, “I am very excited to welcome Lee to the company. This is a great step for Monevo as we look to move forward and Lee will play a key role in supporting Monevo’s growth and long-term success”
Lee added, “I am thrilled to work with Greg and the team. Monevo is a very exciting proposition and is an organisation with a deep sector expertise and a strong team. It's a very agile business aimed at helping give people access to credit and navigate a market that can sometimes be confusing. Financial inclusion is becoming ever more critical in these complex and extraordinary times, and I am delighted to be joining Monevo through the next phases of their evolution and growth.”
Monevo’s platform and technology powers personal credit comparison and search for some of the world’s largest financial services brands, providing the infrastructure, technology, decisioning and relationships to facilitate a highly complex global personal credit marketplace.
Monevo’s API and white label solutions empower partners to offer their customers personalised credit offers from Monevo’s integrated network of lenders and banks, and is used by over 100 lenders and banks globally to distribute personal loans and credit cards.
Monevo operates in four territories around the world; the UK, US, Poland and Australia, with additional technology hubs based in Cape Town, South Africa and Foshan, China.
Monevo is part of Quint Group, a leading international, highly innovative fintech group operating in the consumer finance market. With headquarters in Cheshire, UK, Quint Group was founded in 2009 and now operates in four countries around the world and employs over 100 staff.
Quint Group was co-founded in 2009 by Greg Cox in response to a rapidly changing consumer credit market. Greg saw a gap in the market for developing an agile, technology-driven business that was able to execute on opportunities that would arise as the consumer finance market moved to online operating platforms.
Over the course of a decade, the Group has developed into one of the leading fintech companies in the country. The Group now owns and operates four synergistic fintech businesses in the consumer credit space and has expanded operations of its Monevo business into the US, Poland and Australia.
Quint’s technology hubs operate from the three locations; in the UK, China and South Africa.
Quint Group was awarded the Queen’s Award for Enterprise in Innovation in 2017.