Octopus to acquire wealth technology business for £10m

clock • 2 min read

Octopus Group has agreed to buy Bath-based wealth technology business Seccl Technology for £10m, subject to regulatory approval. Seccl aims to help financial advisers, wealth managers, discretionary fund managers and fintech companies deliver faster, cheaper and more flexible platform solutions to help manage and administer clients' money. The firm currently has around £10m of assets on its platform and around 300 customers. Octopus will provide ongoing investment as the business, which...

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