Octopus Group has agreed to buy Bath-based wealth technology business Seccl Technology for £10m, subject to regulatory approval, Investment Week can reveal.
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 is currently pre-revenue, continues to grow. Seccl will continue to be led by its co-founders, CEO David Harvey and chairman Hugo Thorman, alongside Octopus's Sam Handfield-Jones who will become co-head of Seccl. Results roun...
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