SimplyBiz swoops for fintech firm in £74m deal

SimplyBiz, the Huddersfield-based business support company, has conditionally agreed to acquire Regulus Topco, owner of financial services technology business Defaqto, for £74.3m. The combination of SimpyBiz and Defaqto creates a single fintech and support services group, which SimplyBiz said will benefit from an increased number and range of distribution channels. Listed SimplyBiz, which earlier this month published its first full-year financial results as a public company following its AIM flotation in April 2018, was set u... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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