Alantra advises BGF on £16.5mn investment in B2B fintech Twenty7tec
SECTORTechnology
ServiceM&A
London – Alantra has advised BGF, one of the UK’s and Ireland’s largest and most experienced investors, on its £16.5mn investment in Twenty7tec, a B2B fintech that has rapidly become a cornerstone of the UK’s mortgage technology landscape and a growing favorite for advisers in the wealth space.
Founded in 2011, BGF has invested over £4bn in more than 600 companies, making it the most active investor in the UK. As a minority, non-controlling equity partner, BGF maintains a patient, long-term approach to investments, aligning with the shared goals of the management teams it supports. BGF invests in growing businesses in the UK and Ireland through its network of 14 offices.
Twenty7tec’s platform streamlines the entire mortgage journey, from initial product search and sourcing through to application submission and completion. Currently, over 16,000 mortgage, protection and wealth advisers use the platform daily, benefiting from its efficient and accurate data to deliver customer excellence and navigate the complex regulatory environment.
BGF’s investment will enable Twenty7Tec to accelerate its product development roadmap, enhance its technology infrastructure, and explore new market opportunities. The funding will also support the expansion of the company’s team of industry experts, ensuring continued delivery of exceptional service and innovation to its growing customer base.
James Tucker, CEO of Twenty7tec, said: “After an exhaustive search, we have found the perfect investment partner in BGF, who understand our business and the market in which we operate, and are as excited by the opportunities in front of us as we are. With BGF as our partner, we will move quickly to further enhance the talent within our business, invest in our products, and continue to seek opportunities for inorganic growth that are complementary to our existing business.”
Robert Young, Director at Alantra, added: “It has been a pleasure supporting BGF on their investment in Twenty7tec. The company offers a highly compelling software solution that is integral to the operations of lenders and financial advisers. Under James’s leadership, Twenty7tec is well-positioned to scale further in both existing and new markets. We look forward to following the business’s continued success.”
This transaction further underscores Alantra’s growing momentum in the fintech sector, following recent advisory roles in key transactions such as TradingHub’s partnership with Summit Partners, Finsolutia’s majority stake sale to Pollen Street Capital, Lendscape’s investment from Bowmark Capital, and Dancerace’s significant investment from Norland Capital.
