Twenty7tec closed $16.5M funding round

Twenty7tec, a B2B fintech provider, secured £16.5 million in a funding round led by BGF. As part of the investment, Angela Williams joined Twenty7tec's board as Non-Executive Chair, and Duncan Wade from BGF also joined the board.

Founded in Bournemouth in 2014, Twenty7tec's platform is utilized by over 16,000 mortgage, protection, and wealth advisers to streamline the mortgage process, from product search and sourcing through to application submission and completion. The company plans to use the investment to accelerate its product development roadmap, enhance its technology infrastructure, explore new market opportunities, and expand its team.