Octopus Group has completed the £10m acquisition of wealth tech start-up Seccl Technology after it received approval from the Financial Conduct Authority (FCA).
Octopus announced the deal to buy the Bath-based business last month (15 August). Seccl aims to support the finance sector to deliver faster and cheaper platform solutions to help manage and administer clients' money. It will continue to be led by its founders, CEO David Harvey and chairman Hugo Thorman, alongside Octopus's Sam Handfield-Jones (pictured) who will become co-head of Seccl. In addition to the £10m acquisition, Octopus will provide continued investment as it grows the business and now the deal has been completed, it will look at expanding the Seccl team. Handfield-Jone...
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