Financial services tech provider Fintel has hinted at further acquisitions amid a rise in revenue and underlying operating profits.
Half year results for the Huddersfield firm include mention of a new £120m revolving credit facility which bosses say will give it more fire power for strategic M&A activity. It follows Fintel's latest acquisition, the purchase of a larger stake in Plannr Technology in July.
CEO Matt Timmins said the group had been successful at integrating acquisitions made over recent years into two divisions spanning software and data and services. That has been part of an effort to simplify Fintel's structure and move to a model based on software, data and recurring revenue.
Half year numbers published to the London Stock Exchange show revenue grew 18.6% to £42.4m and u