Fri, 28 Mar 2025 | BUSINESS NEWS
Mortgage technology provider Twenty7tec is preparing to trigger “significant growth and expansion within the UK” including acquisitions after securing a £16.5 million investment from the Business Growth Fund (BGF).
Founded in 2014 by CEO James Tucker, Twenty7tec operates a B2B platform which it claims “streamlines the entire mortgage journey” for over 16,000 mortgage, protection and wealth advisers, from product sourcing and comparison, to application management and mortgage delivery.
The platform is accompanied by the practice management and CRM solution FINPLAN, and the digital marketing solution COMMUNICATE. Twenty7tec says recent investments in these products have “significantly extended the company’s integrated solutions in both the mortgage and wealth advisory markets”.
It has a system, called CONNECT under development. According to Twenty7tec it is a next generation digital relationship management platform that will transform ongoing engagement and interaction between advisers and their clients.
It uses Artificial Intelligence to interact with clients without direct adviser input, helping advisers gather all pertinent information about that individual - not just at the point of advice, but throughout the client lifecycle.
The Bournemouth-based business says it plans to use the new funds to “accelerate its product development roadmap, enhance its technology infrastructure, and explore new market opportunities” alongside an expanded team.
BFG has installed Angela Williams, who held senior executive roles at Post Office, British Airways, Centrica, and Land Securities, as Twenty7tec’s new non-executive chair.
She joins the board alongside BGF investor Duncan Wade, who is also coming on as a non-executive director after leading the fundraising effort with fellow BGF investors Cat Dilloway and Harry Kernick.
Tucker says the investment will enable Twenty7tec to “invest further in delivering technology that makes a real difference to all participants in this market” and “seek opportunities for inorganic growth that are complementary to our existing business”.
Last year, the firm made two acquisitions – mortgage affordability platform Broker Sense and digital engagement tool Meet Parker.
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