RCS - Fintel PLC - Conditional acquisition of threesixty

FintelAnnouncement

28/06/2024 07:00

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RNS Number : 2593U  Fintel PLC  28 June 2024

28 June 2024

Fintel plc

 

("Fintel", the "Company" or the "Group")

 

Conditional acquisition of threesixty

 

 

Fintel (AIM: FNTL), the leading provider of fintech and support services to
the UK retail financial services sector, today announced that it has
conditionally agreed to acquire Threesixty Services Limited ("threesixty"),
provider of compliance and business support services to over 900 leading
Independent Financial Adviser and Wealth Manager firms from abrdn plc.

 

 

Neil Stevens, Joint CEO of Fintel, commented:

 

"We believe that Fintel is the natural home for the threesixty team and
clients. We have been committed to supporting professional advice firms for
over 20 years, and our group aims to operate the strongest independent brands
and most prestigious services, software and data offerings in the market."

 

 

ENDS

 

For further information, please contact:

 Fintel plc                                     via MHP Group

 Matt Timmins (Joint Chief Executive Officer)

 Neil Stevens (Joint Chief Executive Officer)

 David Thompson (Chief Financial Officer)

 MHP Group (Financial PR)                       +44 (0)7736 464749

 Reg Hoare                                      Fintel@mhpgroup.com (mailto:Fintel@mhpgroup.com)

 Robert Collett-Creedy

 

 

Notes to Editors

Fintel is the UK's leading fintech and support services business, combining
the largest provider of intermediary business support, SimplyBiz, and the
leading research, ratings and Fintech business, Defaqto.

 

Fintel provides technology, compliance and regulatory support to thousands of
intermediary businesses, data and targeted distribution services to hundreds
of product providers and empowers millions of consumers to make better
informed financial decisions. We serve our customers through three core
divisions:

 

The Intermediary Services division provides technology, compliance, and
regulatory support to thousands of intermediary businesses through a
comprehensive membership model. Members include directly authorised IFAs,
Wealth Managers and Mortgage Brokers.

 

The Distribution Channels division delivers market Insight and analysis and
targeted distribution strategies to financial institutions and product
providers. Clients include major Life and Pension companies, Investment
Houses, Banks, and Building Societies.

 

The Fintech and Research division (Defaqto) provides market leading software,
financial information and product research to product providers and
intermediaries. Defaqto also provides product ratings (Star Ratings) on
thousands of financial products. Financial products are expertly reviewed by
the Defaqto research team and are compared and rated based on their underlying
features and benefits. Defaqto ratings help consumers compare and buy
financial products with confidence.

 

For more information about Fintel, please visit the website:
www.wearefintel.com
(https://protect.checkpoint.com/v2/___http:/www.wearefintel.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzowZjY4NTMxMDU1MDNiZmI1ZWZhMWJlODM0MGQxOTljZDo2OmFkZWE6YzAwNjYyOWNlOTFlOTUxODBlYzgwOTI0NzU0N2E0NTQyZWJhODE1MWE2ZjljM2NjYzAyOWNiYjY5N2Y3Y2Y5MTpwOlQ6Tg)

 

 

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