Fintel, the parent company of Defaqto and SimplyBiz, has acquired Synaptic Software for £3.5m with an additional £500,000 expenditure “committed to development”.
Synaptic services over 1,600 advisers, providing due diligence research, compliance tools, and software, including Pathways and Webline, "which streamlines clients' journeys". The acquisition is through Fintel IQ, the business' technology and knowledge platform, as a key extension into ‘quote and apply' workflows for insurance products. The acquisition is signed and expected to complete in the coming months, subject to regulatory approval with the Financial Conduct Authority. Fintel co-chief executive Neil Stevens said: "Synaptic brings many useful additions to our current capabili...
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