Fintel makes double acquisitions worth more than £9m

Financial technology group Fintel has made two acquisitions in deals worth a combined £9.1m.
The Huddersfield-based firm has bought VouchedFor – review site for financial advisers, mortgage advisers, solicitors and accountants – in a £7.5m cash deal with a further revenue-contingent sum capped at £10m, based on trading over the next two years. Fintel has promised to boost growth at VouchedFor, which is said to be break even after investment, having funded the acquisition mainly through its £80m revolving credit facility.
In an update to the London Stock Exchange, Fintel bosses said the reviews site’s new “Elevation” product – a system that gives clients’ pr …