Twenty7tec has secured £16.5 million investment from BGF to further drive significant growth and expansion within the UK.
Based in Bournemouth and founded in 2014, Twenty7tec is well-established in the UK mortgage technology landscape and claims to be a growing favourite for advisers in the wealth space.
Its platform streamlines the entire mortgage journey, from initial product search and sourcing through to application submission and completion. Over 16,000 mortgage, protection and wealth advisers use the Twenty7tec platform daily, and favour its efficient and accurate data to deliver customer excellence and navigate the complex regulatory environment.
Recent investment in its CRM platform FINPLAN and digital marketing solution, COMMUNICATE, have significantly extended the company’s integrated solutions in both the mortgage and wealth advisory markets.
BGF’s investment will enable Twenty7Tec to accelerate its product development roadmap, enhance its technology infrastructure, and explore new market opportunities. Funding will also support the company in further expanding its team of industry experts, ensuring it continues to deliver exceptional service and innovation to its growing customer base.
As part of the investment, Angela Williams has also joined the board, as non-executive chair, following an introduction from BGF’s Talent Network – one of the largest groups of board-level non-executives in the UK and Ireland.
Williams brings a wealth of experience in founding, scaling, and exiting other tech-focused businesses, with senior executive roles for companies such as British Airways, Centrica PLC and Land Securities PLC.
“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,” said James Tucker, CEO.
“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.
“This investment from BGF allows us to continue to invest further in delivering technology that makes a real difference to all participants in this market. Ultimately, we believe it will enable us to play an increasing role in helping millions of customers continue to receive the right advice for their circumstances – an opportunity that we are excited by, and a responsibility that we take our role in very seriously.
“After an exhaustive search, we have found the perfect investment partner in BGF, who understand our business and the market in which we operate, and are as excited by the opportunities in front of us as we are. With BGF as our partner, we will move quickly to further enhance the talent within our business, invest in our products, and continue to seek opportunities for inorganic growth that are complementary to our existing business.
“It’s a hugely exciting time for everyone associated with Twenty7tec, and we’re very pleased to have the support of Angela in the role of Non-Executive Chair and look forward to benefitting from her wealth of experience in helping businesses to scale. I’m proud to lead the business into the next stage of its evolution.”
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