Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said profits grew 11% in the first half of this year to £11.8m.
Total revenue rose 5% to £38.4m (HY25: £36.7m)
SaaS (software as a service) and subscription revenue rose 8% to £26.1m year-on-year.
Organic revenue rose 2% to £37.4m (revenue not attributable to acquisitions), driven by growth in its software and data services.
Matt Timmins, CEO of Fintel, said: "We have delivered a strong first half performance, with organic growth across our core software, data and distribution activities, continued expansion in recurring revenues and double-digit EBITDA growth.
“Alongside this, we have continued to execute our strategic priorities, strengthening our technology and data capabilities and simplifying the group to create a focused quality business. We remain confident in delivering further strategic and financial progress in 2026."
The fintech and adviser support services firm has made a number of acquisitions over the past year
In January Fintel spent £11m to buy Pearson Ham Group’s market pricing business.
The business supplies proprietary pricing data to the UK insurance industry and will become part of Fintel’s ratings and software business Defaqto.
Last September Fintel launched a new distribution platform called Omnicore to provide a direct link between advisers and providers.
The company has also made disposals, selling Gateway Surveying Services and PLS Legal & Associates, as part of its simplification of its group
It has also heavily invested in artificial intelligence, with all advice firm customers of Simplybiz and Threesixty receiving access to AI-powered file checks across every advice case from August. The proprietary AI capability will provide compliance support to 3,300 directly authorised advice firms and licensing technology to over 20,000 users.
Fintel owns a number of UK fintech and support businesses including Defaqto, Simplybiz and Threesixty.