Fintel, the parent company of SimplyBiz and Defaqto, has completed the acquisition of threesixty from abrdn for £14.6 million ($18.5 million). This transaction is a strategic move to bolster the range and efficiency of services Fintel offers to the UK retail financial sector’s intermediary market. Threesixty will be integrated with Fintel’s existing brands, including SimplyBiz, Compliance First, SIFA, and several others, to provide comprehensive compliance and business support to intermediaries. Neil Stevens, joint CEO of Fintel, stated that the partnership aims to enhance threesixty’s services through joint investment in technology while leveraging Fintel’s broader technology and data platform.

Wealth Management, FinTech, Corporate Finance,United Kingdom