Twenty7tec secures £16.5m from BGF to accelerate growth and product development
The funding from BGF will support product enhancement, infrastructure upgrades, and team expansion at the software provider.
Twenty7tec is a business to business financial technology provider based in Bournemouth that builds mortgage and wealth advice software.
Twenty7tec has secured £16.5m in funding from backer BGF to accelerate its product roadmap and expand its workforce. The investment will also be used to enhance technological infrastructure and pursue new market opportunities. Duncan Wade, Cat Dilloway and Harry Kernick managed the deal for BGF, with Duncan Wade taking a seat on the board alongside new non-executive chair Angela Williams.
Founded in 2014, the Bournemouth-based firm provides software used daily by more than 16,000 advisers across the UK mortgage, protection, and wealth sectors. Its integrated platform covers the entire advisory journey from product search to completion, alongside CRM and digital marketing tools.
From the founder
"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. 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."
James Tucker
CEO at Twenty7tec
Investor perspective
"Twenty7tec’s track record of disrupting the advice technology market, combined with its ability to effectively scale is testament to the hard work and tenacity of James and his team."
Duncan Wade
Investor, BGF
Use of funds
- 01Continue product development
- 02Build out infrastructure
- 03Grow the team
- 04Fund the next phase of growth
Investors
Categories
About the company
Twenty7tec
Twenty7tec provides software that streamlines the mortgage and wealth advice process for UK advisers.