Fintel in 'active M&A talks' as Defaqto and SimplyBiz drive growth

Following the release of its half-year results today (19 September), the fintech said it had a "good start to the year" thanks to the acquisitions of MICAP and Competent Adviser. MICAP has helped Fintel "extend its reach into the tax-advantaged market, expanding both its data footprint and research capabilities" whilst Competent Adviser has allowed advisers to "meet increasing regulatory competency requirements". The firm also invested in Plannr through Fintel Labs technology incubator, expanding its technology proposition, and extending the capabilities of Defaqto Engage through a tw...