Twenty7tec has secured £16.5m from the Business Growth Fund (BGF), marking a pivotal boost for its future endeavours.
- The Bournemouth-based company’s funding comes as it celebrates its tenth anniversary, highlighting its growth trajectory.
- Investment will accelerate Twenty7tec’s product development and enhance its technology infrastructure to explore new markets.
- The appointment of Angela Williams as Non-Executive Chair is a strategic move, facilitated by BGF’s Talent Network.
- CEO James Tucker emphasises the importance of this investment in making a significant impact on market participants.
Twenty7tec has successfully raised £16.5 million from the Business Growth Fund, a significant milestone in its ongoing expansion strategy. As the company marks its tenth year, this financial injection underscores its successful growth and potential for further achievements.
The acquired funds are slated to accelerate Twenty7tec’s ambitious plans for product development, technological enhancement, and market expansion. It will also enable the company to bolster its team of industry experts, further strengthening its position within the mortgage technology sector.
A significant development accompanying this investment is the appointment of Angela Williams as Non-Executive Chair. Her inclusion in the board follows an introduction by BGF’s Talent Network, one of the largest pools of board-level non-executives in the UK and Ireland, adding strategic value to Twenty7tec’s leadership.
James Tucker, the CEO of Twenty7tec, expressed that the investment is crucial for continuing to deliver impactful technology solutions. 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.’
Duncan Wade, an investor at BGF, highlighted the company’s high recurring revenue and low customer churn as key factors for investment, noting the exciting value creation opportunities ahead.
This significant investment marks a new chapter for Twenty7tec, setting the stage for continued growth and innovation in the mortgage technology sector.
