Strategic acquisitions boost revenue at Fintel
Listed fintech business Fintel has reported a strong performance in 2024 with revenue up on the back of strategic acquisitions.
The Leeds-based company said the acquisitions and further investment in its proprietary technology and data solutions, have laid the foundation for sustained organic growth.
In the 12 months to 31 December, core revenue increased by 33% to £68.9m, supported by revenue of £15m from Fintel’s acquired portfolio. Adjusted EBITDA grew of 8.5% to £22.2m following investment to expand products, services and capabilities.
Matt Timmins, joint CEO of Fintel said: “We have expanded the Fintel group by welcoming four new businesses in 2024, with the previously announced acquisition of RSMR successfully completing in January 2025. These strategic acquisitions, combined with ongoing investments in our proprietary technology and data solutions, have enhanced our intellectual property, scale, and market presence, laying the foundation for sustained organic growth.
“Looking ahead, we remain confident in our ability to achieve further progress. We have started the year positively, trading in line with Board expectations, and onboarding six new customers to our Matrix 360 market intelligence software. With our comprehensive technology platform strongly positioned to capitalise on further growth opportunities within the fragmented retail financial services sector, we see material opportunities for value creation across our family of brands.”
The company also announced that joint CEO Neil Stevens is stepping down from his executive role and Matt Timmins will assume sole responsibility.
