Investment Evolution Credit to launch consumer lending in Spain with new subsidiary

LONDON: Investment Evolution Credit plc (IEC), a global fintech group specialising in online consumer loans, has signed an agreement to set up a new subsidiary in the US, MRAL Spain Corporation (MRAL Spain), which will offer consumer credit in Spain. The agreement involves IEC’s US subsidiary, Investment Evolution Corporation (IEC US), and a Spanish company,…

Provident Financial appoints Hamish Paton as Managing Director of its Consumer Credit Division

LONDON: Provident Financial plc announced the appointment of Hamish Paton as Managing Director of its Consumer Credit Division (CCD), subject to regulatory approval. He will take over from Chris Gillespie, who is joining H&T Group plc, a FTSE listed pawnbroker, having held the role since August 2017. Hamish Paton has a strong consumer finance background…