Third Financial, a London, UK-based investment platform and software provider, received a £7m majority investment from Grafton Capital.
£1.5m of capital will be injected onto the balance sheet. The deal follows previous investment rounds in 2015 (£2.5m), 2016 (£1.5m) and 2019 (£1.25m) to support the expansion of Third Financial’s infrastructure and outsourcing platform, which is used by many of the UK’s leading wealth managers, IFA networks, family offices and disruptive fintech firms.
This next phase of growth will see a focus on accelerating the growth of the platform while meeting the evolving demands of the market.
Led by Ian Partington, Group Chief Executive Officer, Third Financial provides investment firms with software, custodial and outsourcing services. Its latest offering combines the established Tercero system, an integrated, CRM and portfolio management system for wealth managers, with a client-focused outsourcing and custodial operation. The technology also enables them to launch a white-labelled direct-to-consumer (D2C) investment platform, or to incorporate the service within their own client-facing app via a comprehensive set of APIs.