Fintel saw core revenue rise 13 per cent as it made nine acquisitions in the past 12 months.
The parent company of Defaqto and provider of fintech and software support for financial services sector published its a trading update for the six months to June 30 today (July 30).
Core revenue increased to £31.2mn, compared with £27.6mn at the same time last year.
While core adjusted earnings before interest, taxes, depreciation, and amortization was up 5 per cent at £9.3mn from £8.8mn.
Joint CEO, Matt Timmins, said: "Fintel has made a strong start to 2024, with positive trading momentum and continued strategic expansion, bringing new capabilities to our customers while investing in enhancing our core propositions.
"As we extend our service and technology platform, we remain focused on driving efficiencies within the UK retail financial services market and creating better outcomes for all participants.
"Looking ahead, we are confident that our diverse proposition and customer base, underpinned by strong market drivers and recurring revenue streams, position us well to deliver continued strategic progress and growth.”
The update said Fintel continues to benefit from "regulatory and structural changes" in the UK financial services market.
It said it is set to benefit from operational efficiencies and growth opportunities following its acquisitions.
The firm expects its half year results to be published on September 17.
The latest acquisition the firm announced was the £14.6mn purchase of Abrdn’s Threesixty Services.
Joint CEO Neil Stevens said there could be more purchases on the horizon for the company.
He told FT Adviser: “I'd like there to be great choice in Fintel and we've done really well to develop that. And we might not quite be finished.”
tara.o'connor@ft.com
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