Twenty7tec has received a significant £16.5m investment from the Business Growth Fund, setting the stage for its next growth phase.
- This funding will accelerate the development of Twenty7tec’s product roadmap, enhancing its technology infrastructure.
- The investment supports Twenty7tec in exploring new market opportunities and expanding its expert team.
- Former British Airways director Angela Williams joins Twenty7tec’s board as Non-Executive Chair, at the recommendation of BGF’s Talent Network.
- CEO James Tucker highlights the investment’s role in enabling Twenty7tec to deliver impactful technology solutions for the mortgage market.
Twenty7tec, a Bournemouth-based mortgage technology firm, has secured £16.5m in investment from the Business Growth Fund. This financial support is set to propel the company into a new phase of expansion, with a particular focus on accelerating its product development and enhancing technology infrastructure. The investment will also allow Twenty7tec to explore new market opportunities, significantly strengthening its competitive position.
Angela Williams, with a distinguished career including positions at British Airways and the Post Office, has been appointed as the Non-Executive Chair of the board. Her appointment, facilitated by BGF’s extensive Talent Network, is expected to bring invaluable expertise and guidance to Twenty7tec’s strategic endeavours.
James Tucker, the CEO of Twenty7tec, expressed his enthusiasm about the investment, underscoring its potential to transform the company’s offerings. He stated, “This investment from BGF allows us to continue to invest further in delivering technology that makes a real difference to all participants in this market. Ultimately, we believe it will enable us to play an increasing role in helping millions of customers continue to receive the right advice for their circumstances – an opportunity that we are excited by, and a responsibility that we take our role in very seriously.”
Duncan Wade, an investor at BGF, indicated optimism about the future prospects for Twenty7tec, citing the company’s high recurring revenue and low customer churn as foundational strengths. Wade noted that the investment opens up several exciting opportunities for value creation, suggesting that the firm is poised for considerable growth in coming years.
The significant investment from the Business Growth Fund positions Twenty7tec to enhance its technological capabilities and expand its presence in the market.
