Octopus: Acquires Seccl Technology

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Octopus: Acquires Seccl Technology

Octopus: London-based investment group, acquires wealthtech start-up Seccl Technology

  • The acquisition for £10 million to make Octopus’s offering “indispensable”
  • As a result of acquisition, Octopus can uses Seccl’s API technology to deliver faster and more flexible platform when handling client’s money
  • Seccl aims to help financial advisers, wealth managers, discretionary fund managers and fintechs
  • API technology allows different pieces of software to communicate and share information in real time
  • In addition to the £10 million acquisition, Octopus will provide continued investment as it grows the business
  • Seccl’s innovative technology also has the potential to completely transform the customer and client experience across retail financial services