Quantum Capital Inc – QTCI is setting a new direction and will focus on its fintech platform for all consumer and business lending needs.
Las Vegas, Nevada, USA, Dec. 16, 2022 (GLOBE NEWSWIRE) — Quantum Capital Inc QTCI (OTC PINK: QTCI). Quantum Capital, Inc., a fintech and services company that owns, operates and expands a financial intermediary lending platform, today announces strategic plans for how it will become a global fintech player.
Since its inception, the company has been involved in a number of businesses, namely; naturopathy, vocational education and on 30 June 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 tailor-made lending solutions intermediary platform.
On October 5, the company appointed Mr. Sakib Manzoor, an award-winning financial services professional with over 20 years of experience in the financial services industry, as its President and 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 the next 5 years to achieve our vision of becomeEng the world’s supplier of premium, online, exclusive, practical and tailored loan solutions by 2030.”
Key strategies for growth
Over the next 5 years, Quantum Capital Inc aims to achieve the following key strategic goals:
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Complete the development of our technology platform to be fully compliant in new jurisdictions that we plan to expand into, namely New Zealand, the US, Canada and the UK. The current platform is able to operate within the Australian legal framework.
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Expand into new markets starting with New Zealand and the US as phase one of expansion during 2023. Canada and the UK will be phase two of the expansion plan.
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Increase the loan book from USD 0.37 billion to 2 billion within the next 24 months by acquiring loan books and business acquisitions. At the same time, the company aims to increase the number of full-time brokers from the current 4 to 10 during the next 24-month period.
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White label the mortgage product with a tier 1 partner to improve branding, customer experience and gross margins by achieving a book value of $1B in loans.
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License or franchise the Loan Base platform to new brokers for one brokerage business in all jurisdictions in which we operate.
All of these activities are currently ongoing, and the company must communicate progress in the implementation of each of the above strategic goals.
Mr. Manpreet Singh, CFO of Quantum Capital, Inc. said, “We have conducted an internal audit of all our operations over the last 60 days and have made significant cost reductions to ensure our loan base operations are lean and efficient to enable scalability.”
About Quantum Capital Inc – QTCI
Quantum Capital Inc is a publicly traded company in Nevada, USA under the symbol QTCI. Incorporated as Stone Harbor Investments, Inc on February 13, 2011, the company changed its name to LTS Nutraceuticals, Inc on May 13, 2013.
The company ceased all operations in June 2017 and in May 2018 the company underwent a change of control and changed its name to Quantum Capital, Inc.
Between March 2021 and February 2022, the company ventured vocational training in Australia.
On 30 June 2022, the company sold its vocational education business and acquired Loan Base Pty Ltd and decided to focus on becoming a global fintech player by owning, operating and growing financial intermediary lending platform.
Quantum Capital Inc wholly owns Loan Base Pty Ltd, an Australian company with the mission of providing our customers with personalized lending solutions that achieve their goals through its premium, online, exclusive, convenient and tailored lending solutions brokerage platform.
Loan Base is licensed by the Australian Securities & Investment Commission (ASIC) to provide lending services, and since the start of operations in 2019, the company has successfully built a loan book portfolio of approximately AUD 0.5 billion.
For more information visit www.qtci.net
SAFE HARBOUR
Certain statements in this press release may contain forward-looking information under Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to safe harbors established by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. No assurance can be given that such statements will prove to be accurate, and other results and further events may differ materially from those anticipated in such statements. Future events and actual results may differ materially from those stated in, contemplated by or the basis of forward-looking statements.
Contact information:
Telephone – 9809200484
Email – [email protected]
