According to its latest results, looking within the total revenue figure, membership and compliance accounted for £11m of revenue, up from £8m in the same period last year.
Simplybiz made up around £4.4m of the £11m figure, a slight drop from £4.9m last year, followed by Threesixty membership, which accounted for £2.8m.
The remainder was made up of £2.8m of compliance and £1m of software reseller arrangements.
There was also £8.1m from distribution, up from £7.4m last year. Within that, marketing and events accounted for £3.9m, followed by protection and insurance at £2.2m and mortgages at £2m.
Protection and insurance, as well as mortgages, are both down on last year, when revenue came to £1.9m each for both segments.
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Within the £11m revenue for the division, there was also £4.8m from surveying, a slight drop from £4.5m in the last year.
Fintel simplified its operating structure earlier this year, going from three divisions to two core divisions, Software & Data and Services. The latter covered regulatory and business support services serving over 15,000 advisers, wealth managers and mortgage and protection specialists via a membership model.
The firm said it was going to focus on the “most dynamic segments of the UK retail financial services market”, which includes mortgages, protection and wealth management.
It added that it was targeting further software developments, including digital compliance and protection solutions and research and ratings capabilities.
Fintel added that it continued to “see opportunities to consolidate the fragmented UK retail financial services market” and would “evaluate and pursue technology and data-led acquisitions that align culturally, offer strong forward growth prospects, and deliver clear returns”.
Matt Timmins, Fintel’s CEO, said: “Fintel has delivered a strong first-half performance, with double-digit revenue and EBITDA growth reflecting the strength of our business model and the quality of our earnings.
“We have also made significant strategic progress, successfully integrating nine acquisitions into two complementary divisions. This transformation marks a pivotal moment for Fintel, enabling us to concentrate resources on our most attractive markets and propositions, while providing a clear framework for innovation and growth as we transition to a software and data-led business built on recurring revenues.
“With a streamlined operating structure, a scalable and agile operating model, and continued investment in high-margin, recurring software and data revenues, we are better positioned than ever to capture the substantial opportunities ahead. We are confident in delivering against our full-year expectations and continue to focus on driving better outcomes for our customers, partners, and shareholders.’’
