Non-public fairness agency FPE Capital is to pump an undisclosed sum into Monetary Planning fintech Dynamic Planner to assist speed up progress.
Dynamic Planner, which supplies Monetary Planning software program, has not revealed the quantity being invested however says it’s “vital.”
The agency says it welcomes the brand new funding from FPE Capital however its “unbiased focus” will stay.
FPE has a stake in lots of software-focused companies and has beforehand had a stake in Monetary Planning software program agency Defaqto. Defaqto was later bought to Fintel (previously SimplyBiz).
Dynamic Planner, led by CEO Ben Goss, says the cash will assist the administration group speed up progress and the “supply of its formidable plans within the UK and Europe.”
Dynamic Planner says it now serves virtually 40% of UK wealth recommendation corporations and over 150 asset managers, profiling over £250 billion of belongings through its SaaS platform.
The agency is predicated in Studying and employs greater than 100 employees. It says it’s on observe to exceed £10m in annual recurring licence revenues this yr.
Earlier this yr the agency recruited Christophe Ponette as European managing director based mostly in Luxembourg to steer continental growth.
Ben Goss, CEO at Dynamic Planner stated: “As a quick rising, privately owned firm we have been searching for an institutional investor companion to assist us take the enterprise to the subsequent degree within the UK and internationally.
“Our choice of FPE was based mostly not simply on their observe document of backing software program corporations that efficiently scale, but in addition on their group who we really feel share our values.
“From the outset, FPE understood the worth that Dynamic Planner brings to our purchasers and trade as an unbiased supplier of expertise and asset danger modelling serving a rising neighborhood within the wealth administration sector who belief and depend on us. In addition they share our imaginative and prescient for fixing our trade’s main challenges by way of expertise corresponding to course of digitisation, buyer expertise, investing sustainably for future generations, and omni channel Monetary Planning in a put up pandemic world.”
David Barbour, managing companion at FPE, stated: “We’re delighted to be working with the group at Dynamic Planner on their thrilling progress ambitions and to construct on their current main place within the wealth administration sector with new merchandise for this core market.”
Among the many corporations FPE invests in are worker advantages agency Zest and digital psychological well being platform Togetherall.