Fintel acquires an initial 70% stake in UK start-up ifaDASH

UK-based Fintel, a provider of fintech and support services for the retail financial services industry, has acquired a 70% stake in fintech start-up ifaDASH.
The acquisition is valued at £500,000 initially, with the potential for up to £1 million in additional contingent cash consideration based on ifaDASH meeting specified profitability and revenue targets over the next year.
Fintel also has a two-year option to purchase the remaining 30% stake in ifaDASH for an agreed multiple of EBITDA.
The acquisition was made through Fintel’s technology and knowledge platform, Fintel IQ.
ifaDASH offers a tech solution that integrates front and back-office CRM data, along with details of vulnerable clients, onto a unified platform to help firms monitor, control, and grow their business while ensuring compliance.
The acquisition supports Fintel’s strategy to strengthen its CRM capabilities, following its recent investment in CRM entrant Planner.
Additionally, Fintel has announced a new £1.5 million distribution agreement and investment in Mortgage Brain, a mortgage technology firm, allowing Fintel’s clients access to Mortgage Brain’s mortgage sourcing and submission software through Fintel’s platform.
Fintel has been actively acquiring fintech companies, with previous acquisitions including VouchedFor and AKG in November 2023 for a total of £9.1 million.