BeatThatQuote.com

BeatThatQuote.com is a British price comparison site specialising in personal finance products. Like other companies in the sector BeatThatQuote.com covers a range of finance products, such as loans, mortgages, insurance and credit cards.

History

BeatThatQuote.com was created by serial entrepreneur John Paleomylites, who had previously sold his security software company JCP to Sun Microsystems for £40 million in 2000.cite news|url=http://www.ft.com/cms/s/0/171f0100-02d0-11db-9231-0000779e2340.html|title=Lady luck smiles again on driver of fast growth online match-maker|date=23 June 2006|work=Financial Times|accessdate=2008-09-18] Paleomylites launched the BeatThatQuote.com brand in February 2005 from his house, later moving into serviced offices as the company grew. It was recognised as one of the UK's fastest growing businesses the following year, winning the 'young company of the year' award at the CBI/Real Business Growing Business Awards.cite news|url=http://www.thisismoney.co.uk/consumer/savingideas/article.html?in_article_id=442964&in_page_id=512&position=moretopstories|title=Can you trust comparison sites?: BeatthatQuote|last=Evans|first=Tara|date=13 June 2008|work=This is Money|accessdate=2008-09-18] In 2006/2007 the company posted revenues of £7.8 million and projected revenues of around £15 million for 2007/2008. [cite news|url=http://www.silicon.com/financialservices/0,3800010322,39169841,00.htm?r=3|title=Comparison site gets smart to beat that competition|last=Goldsmith|first=Julian|date=29 January 2008|work=Silicon.com|accessdate=2008-09-18]

BeatThatQuote.com is a limited company, registered in the UK and operating from offices in London's Kentish Town. [cite news|url=http://business.timesonline.co.uk/tol/business/specials/rich_list/article3806144.ece|title=Sunday Times Rich List: John Paleomylites|date=27 April 2008|work=The Sunday Times|accessdate=2008-09-18] BeatThatQuote.com's holding company, Best Value Financial Services Limited, is authorised and regulated by the Financial Services Authority. [cite web|url=http://www.beatthatquote.com/travel-policies/BTQInsuranceIDD.pdf|title=About our insurance services|publisher=BeatThatQuote.com|accessdate=2008-09-19] [cite web|url=http://www.fsa.gov.uk/register/firmBasicDetails.do;jsessionid=6433faa2599c467480df84f6529f4bdf.s6fNml1Ka38InBbv-ArJrwTPoNCNa30Ocybtah0IaNuIahiIbh0IaNfwmxiInxiObk9ynhvybMSHc30Ka2aToi5hch0Na2TSn7bvq70KawTAqQ4InQXQ-BjF8NaPbN4RawbMnkrDqRfzqwbMnkrDqRfzqwbynknvrkLOlQzNp65In0__?sid=169221|title=FSA Register: Best Value Financial Services Limited|publisher=Financial Services Authority|accessdate=2008-09-19]

BeatThatQuote.com was ranked by Nielsen Online as the fastest growing UK website of 2007, ahead of Facebook, [cite news|url=http://www.brandrepublic.com/News/784257/Facebook-loses-BeatThatQuotecom-fastest-growing-website/|title=Facebook loses out to BeatThatQuote.com as fastest growing website|last=Davidson|first=Darren|date=14 February 2008|work=Brand Republic|accessdate=2008-09-18] and receives around 2.5 million unique visitors per month as of June 2008.

Operations

Finance Leads Online

The firm's Finance Leads Online outlet supplies real-time mortgage, loans and term assurance leads. The leads are generated via the BeatThatQuote.com website and made available to interested financial institutions.

Partnerships

The company supplies its financial comparison tools for use on a number of other websites, such as tools for MSN.co.uk [cite news|url=http://www.brandrepublic.com/Campaign/News/831897/Digital-brief-BeatThatQuotecom-announces-partnership-MSN/|title=Digital brief: BeatThatQuote.com announces partnership with MSN|date=15 July 2008|work=Brand Republic|accessdate=2008-09-19] and Moneyfacts.co.uk, [cite news|url=http://www.mortgagesolutions-online.com/public/showPage.html?page=686158|title=Beatthatquote.com to supply Moneyfacts’ insurance service|date=17 January 2008|work=Mortgage Solutions|accessdate=2008-09-19] to which it supplies insurance tools.

References

* [http://www.growingbusiness.co.uk/BeatThatQuote_com.YbGX07tonnYeow.html One to Watch]
* [http://www.startups.co.uk/BeatThatQuote_com_comes_out_on_top.Yaeo1MxoS63Ijg.html BeatThatQuote.com Comes Out On Top]
* [http://www.startups.co.uk/6678842910082155685/ The complete Startups 100]

External links

* [http://www.beatthatquote.com BeatThatQuote.com]
* [http://www.financeleadsonline.co.uk Finance Leads Online]