Third Financial Receives £7M Majority Investment from Grafton Capital

Funding Rounds

▤ Summary

Third Financial, a London, UK-based investment platform and software provider, received a £7m majority investment from Grafton Capital. 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. 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.

$ Funding

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Amount $2.0M Total raised
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Date October 27, 2020 Announcement date
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Investors Grafton Capital Lead investors
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Company http://www.thirdfin.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Sales and Marketing

◇ AskAI Classifications

Labels
Financial Technology Investment Management Software SaaS

▦ Linked Companies