Fintel has grown its revenue by 13.3% in its first half results after reporting several acquisitions had helped the group’s expansion.

The fintech and financial support services provider posted a climb in its core revenue to £31.2m for the six months to 30 June, in line with board expectations.

In its latest trading statement, Fintel said that five acquisitions announced in the year to date have supported its strategic expansion, taking the group’s total to nine in the past 12 months.

These include the acquisitions of fund ratings and research agency Rayner Spencer Mills Research, compliance and business support services provider Threesixty Services, 70% of reg-tech solution ifaDASH, strategic engagement events provider Owen James, and the independent provider of financial adviser planning and research software, Synaptic Software.

Fintel has also extended Defaqto’s fund research and ratings capabilities for financial services and investment professionals in H1.

Joint CEO of Fintel, 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.”

Fintel also revealed that its board “remains confident” of meeting its expectations for the full year. The group indicated it has plans for “further expansion” of its technology and services platform and said it is well positioned to benefit from operational efficiencies and growth opportunities.

“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,” Timmins added.

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