THE SIMPLYBIZ GROUP PLC/FINTEL PLC

Description

The SimplyBiz Group Plc is a UK-based company that provides simplifying and connecting financial services. In March this year, SimplyBiz Group rebranded itself as Fintel plc. In 2019, the company acquired Defaqto, which is a UK’s leading financial information, ratings and fintech business. The acquisition helped it to grow its footprint in provision of data led, digital and expert services, whereas it gives prominence to the individual brands that power Fintel. The company operates through its two core brands that include SimplyBiz and Defaqto. The SimplyBiz is the UK’s leading provider of outsourced compliance and business support to directly authorised advisers. Defaqto is the leading financial data brand that helps advisers, financial institutions and consumers in the UK to make better informed decisions. The company’s shares are trading on the London Stock Exchange since 2018 as LON: FNTL.

The company aims to connect product providers, intermediaries and customers through its innovative technology, expertise and insights that helps its customers to make better informed decisions. The company provides its services to product providers, intermediaries, and customers. The company provides services such as market insights and analysis, product research, product design and managed distribution to products providers that enable them to build innovative and efficient financial products and distribute them more effectively. It provides services such as product database, product comparison, financial planning and advice technology and regulatory support services to intermediaries that enable them to serve more clients effectively.

The company also offers services such as product education, product comparison, product reviews and expert ratings to its customers that enable them to make better and informed financial decisions. The company has more than 400 industry partners that include lenders & insurers, asset managers, and banks & building societies. Further, it has over 3,000 intermediary firms and over 1,900 software clients, the intermediary firm includes IFAs & wealth managers, mortgage & insurance brokers, and DFMs & investment managers, and its software client firms, include product providers, intermediaries, and consumers.