Simon Thompson 

SimplyBiz the Defaqto play in financial services

Simon Thompson

Simon Thompson

In a previous article, I highlighted the earnings-accretive £73.3m acquisition of Defaqto, a financial technology business operating a fintech platform for 8,500 advisers and providing independent ratings of financial products and funds, by SimplyBiz (SBIZ:222p), a provider of compliance, business and technology services to 3,726 financial intermediaries (‘Defaqto acquisition to drive SimplyBiz share price to new highs’, 20 Mar 2019).

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