Fintel, the Huddersfield provider of fintech and support services to the UK retail financial services sector, has acquired of VouchedFor, a review site for professional advisers.
VouchedFor provides reviews on a wide range of services, including financial advisers, mortgage advisers, solicitors, and accountants and currently has over 5,000 paying members and over 350,000 client reviews.
Following the acquisition, its leadership and team will remain in place and work alongside the Fintel management team to play a crucial role in significantly expanding the reach and services of VouchedFor.
Fintel, the parent company of SimplyBiz and Defaqto, will acquire VouchedFor for £7.5m through Fintel IQ, the business’s technology and knowledge platform.
The news comes as Fintel’s subsidiary Defaqto acquires ratings provider AKG. The addition of VouchedFor and AKG mark the third and fourth acquisitions by Fintel this year, following the acquisitions of learning and development provider, Competent Adviser, and tax efficient investing specialists, Micap completed in July 2023.
Matt Timmins, joint CEO of Fintel, said: “VouchedFor and AKG are two market leading businesses which are highly complementary to our offering and share our vision.
“VouchedFor is the UK’s standard bearer for Trusted Advice while AKG has been at the forefront of financial strength ratings and consultancy for over 20 years. Both have strong adjacencies in terms of our capabilities and customers, and we look forward to further developing their compelling growth prospects.”
