1st Software founders take £250,000 stake in white-label firm

Rory Curran and Mik Cons will also sit on the board as non-executive directors of Sammedia, which builds white-label websites for IFAs and brokers. Sammedia's IFA-Netsite service is used by four of the major IFA networks: The Exchange, Sesame, Tenet and Burns Anderson. The firm says the back-office system allows the large service companies to tackle their compliance requirements much quicker than others on the market. Cons believes there is growing demand for clients to interact with their financial adviser online and Sammedia, through its relationships with key IFA networks, is in...