Fintel has reported strong revenue growth and strategic progress in its trading update for the year ending 31st December 2024, with revenue rising 21% to £78.3m.
The company also confirmed the successful acquisition of RSMR following regulatory approval. The transaction involved Benchmark Capital, a fully owned subsidiary of Schroders, selling all of its 49% stake in RSMR.
Core revenue increased by 22% to £68.9m, while core SaaS and subscription revenue grew 17% to £44.1m. Adjusted EBITDA rose 8.5% to £22.2m, reflecting investment in product expansion and enhanced service capabilities.
The company highlighted four strategic acquisitions in 2024, consolidating its presence in a fragmented technology market. Notably, it secured a new distribution agreement with Mortgage Brain, granting Fintel’s network of advisers access to CRM, sourcing, and submission software.
Matt Timmins, joint CEO of Fintel plc, said: “2024 has been a year of continued strategic progress and positive financial performance. The business has performed well, with complementary acquisitions supporting significant growth in SaaS and subscription revenues.”
“We have welcomed four new businesses to the Fintel family in 2024, with the previously announced acquisition of RSMR also receiving regulatory approval in December 2024. Through these strategic acquisitions and continued investment in our unique technology and data propositions, we have successfully expanded our IP, scale and reach, which will support future organic growth.”
Looking ahead, Fintel expects further expansion through new customers and technology solutions in the UK retail financial services sector. The company cited regulatory changes and increasing demand for data and insights as key factors driving market opportunities.
