Twenty7tec announces its second acquisition of the year

This acquisition comes days after the announcement that Twenty7tec had acquired mortgage affordability platform Broker Sense

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Twenty7tec announces its second acquisition of the year

UK fintech Twenty7tec has acquired the remaining shares of engagement solutions provider Meet Parker for an undisclosed sum.  

Meet Parker has a range of AI solutions to engage customers and answer questions prior to being passed on to a real-person adviser, which, it claims, helps to convert and retain customers. 

Twenty7tec plans to integrate Meet Parker’s solutions into in its Velocity platform, allowing advisers across wealth and mortgage markets to use the AI tech to improve retention and increase lead generation.  

This acquisition comes days after the announcement that Twenty7tec had acquired mortgage affordability platform Broker Sense.  

Broker Sense’s platform will be integrated into Twenty7tec’s mortgage research module, SOURCE, to support advisers in delivering the right recommendations for their clients.  

Commenting on the latest purchase, James Tucker, chief executive officer of Twenty7tec, said: “Our overriding ambition is to simplify, streamline and digitise financial services. 

“Over the last eight years, we have seen the huge benefits that great technology brings to the advice market. Our acquisition of Meet Parker, and the deployment of their artificial intelligence-led technology to all our users, is the obvious next step for us.” 

Freddie Savundra, founder of Meet Parker, added: “Twenty7tec’s previous acquisition of Bluecoat Software in 2022 showed the company’s commitment to creating a seamless client journey with best of breed technology, which is the foundation of what we are trying to achieve here.” 

Image: Twenty7tec