TIDMFNTL
Fintel PLC
20 June 2023
Fintel plc
("Fintel", the "Company", the "Group" or the "Business")
Fintel makes inaugural investment through Fintel Labs
incubator
Fintel (AIM: FNTL), the leading provider of fintech and support
services to the UK retail financial services sector, today
announced that is has made an investment into a new and exciting
financial technology company, Plannr Technologies Limited. The
investment was made through Fintel Labs, a venture designed to
foster innovation in the sector through investing in and supporting
emerging financial technology.
Plannr is an early-stage modern technology company, providing
specialist CRM capability for financial advisers, planners and
wealth managers. Plannr has developed an intuitive workflow which
requires limited training, is easy to onboard and operate. The
business has been operating for over a year with a test pilot group
of advisers, coding and developing in an agile way to hone the
product ready for a full scale launch.
Fintel has invested into Plannr by taking an initial 25% equity
stake in the business. As well as providing financial support via a
short term loan, Plannr will benefit from Fintel's sector knowledge
and unrivalled distribution network, allowing it to expedite
product development and product market fit.
Fintel's leading financial information, ratings and fintech
business Defaqto will integrate Plannr's CRM system, extending the
capabilities of its Engage Platform to realise efficiency benefits
for financial advisers. This integration will allow advisers to
store customer data, create workflows, conduct financial planning,
cash flow analysis, create suitability reports and publish to a
dedicated customer portal, creating One solution for advice
firms.
This investment through Fintel Labs strengthens Fintel's
technology proposition and follows rapid expansion of the Group's
technology and data footprint, as it continues to grow its
business.
Matt Timmins, Joint CEO commented:
"Plannr represents the best of modern thinking and cutting-edge
development. The technology has been designed by advisers and
crafted by the skilled developers at Plannr to be beautifully
intuitive, easy to use and infinitely scalable. Plannr's powerful
CRM capability has the potential to unlock important efficiencies,
streamlining the advice journey and improving suitability for
consumers. We look forward to delivering better outcomes for
everyone."
"Through our Fintel Labs incubator, we intend to utilise our
position as a market connector to accelerate the growth of exciting
financial technology companies, and deliver on our mission to
deliver better consumer outcomes for the retail finance services
sector."
Gareth Thompson, Plannr Founder and CEO, commented:
" We are delighted to be working with Fintel as we develop the
future of financial planning CRM. Fintel's reputation for
innovation and their unrivalled market reach make them a perfect
partner as we refine and scale our offering to define a new era of
financial planning CRM."
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) 20 3128 8147
Reg Hoare 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
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAFLMRTMTBBBTJ
(END) Dow Jones Newswires
June 20, 2023 02:00 ET (06:00 GMT)
The Simplybiz (LSE:SBIZ)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
The Simplybiz (LSE:SBIZ)
Gráfica de Acción Histórica
De May 2023 a May 2024