Based in Bournemouth, UK and established in 2014, Twenty7tec has become a significant player in the UK’s mortgage technology scene, increasingly popular among wealth advisers.
The company has secured a substantial £16.5m investment from BGF, a prominent investor in the UK and Ireland, aimed at fuelling growth and expansion across the region.
Twenty7tec provides an integrated platform that simplifies the mortgage process from product search and sourcing to application and completion. Utilised daily by over 16,000 mortgage, protection, and wealth advisers, the platform is renowned for its efficiency and accuracy, helping advisers deliver top-notch customer service while adhering to complex regulatory requirements.
The new funds will be used to accelerate Twenty7tec’s product development, enhance its technological infrastructure, and explore new market opportunities. Additionally, the investment will support the expansion of the company’s team, ensuring continued delivery of exceptional service and innovation.
Moreover, the investment has facilitated Angela Williams joining the board as Non-Executive Chair, after being introduced by BGF’s Talent Network. Angela’s extensive experience in tech-focused businesses will be crucial in refining and driving Twenty7tec’s growth strategy.
James Tucker, CEO of Twenty7tec, expressed his vision for the future, noting, “Since founding the business in 2014, we have consistently strived to revolutionise how financial advisers of all types use technology to deliver exceptional advice to their clients. There are few tech businesses that can be said to operate successfully across the entire advice market, but we have broken that mould. Today, we provide technology to some 16,000 advisers across the country, who in turn look after millions of end clients across mortgages, protection and investments.
“Our journey is far from complete, however, we still see too many advisers suffering from not having access to the right tools to do their jobs, and too many providers unable to access real time data that helps them understand underlying movements in market dynamics, and adjust their own strategy accordingly. There is much more work to be done.”
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