Fintech and support services firm Fintel, the owner of SimplyBiz and Defaqto, has acquired professional advisers' review site VouchedFor and ratings provider AKG for a combined £9.1m.

Fintel, owner of adviser support firm SimplyBiz and fintech Defaqto, has reported a 2% rise in revenue growth to £27.6m for the six months to the end of June, compared to £27.1m in the first half year of 2022.

Ken Davy, the founder of Fintel - the financial fintech and support services firm which owns SimplyBiz and Defaqto - is to step down as chair in May.

Adviser support network SimplyBiz has launched an online interactive ‘Horizon Scanner’, which it said is designed to keep firms up to date with the regulatory activities happening in 2023.