Fintel poised to act on high-tech acquisition opportunities

CEO Matt Timmins discusses acquisitions and investments in technology

Sahar Nazir
clock • 2 min read

Fintel is “on the lookout” for businesses with a strong customer base, cutting-edge technology and products as it invests to expand its Fintel IQ platform.

"We're always looking for businesses that align with our model, and we'll act on any opportunity that fits this year," Fintel CEO Matt Timmins told PA. His comments have come after Fintel reported growth for 2024, with revenue increasing 22% to £68.9m from £56.6m in 2023. This is after the firm acquired four businesses during the period. Statutory profits increased 6.3% to £15.3m in 2024. The firm purchased four businesses last year, with the purchase of RSMR completing in January. The acquisitions delivered combined core revenues of £7.5m during the period. Fintel's acquisition st...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Fintel set to launch standalone distribution platform

Fintel set to launch standalone distribution platform

Omnicore has been established as a ‘conduit between providers and advisers’

Jenna Brown
clock 29 September 2025 • 2 min read
Ascot Lloyd puts £17m aside for client redress after FCA probe

Ascot Lloyd puts £17m aside for client redress after FCA probe

Firm reports £14m loss before tax as review of services continues

Sahar Nazir
clock 25 September 2025 • 3 min read
Wealth manager Artorius adds £95m in AUM as four investment managers join

Wealth manager Artorius adds £95m in AUM as four investment managers join

Artorius has completed migration to BNY Pershing

Isabel Baxter
clock 22 September 2025 • 1 min read