23 October 2026
Fintel has acquired the remaining equity in Mortgage Brain Holdings Limited for total consideration of £38.4 million. The transaction follows Fintel's initial investment in the business, when it acquired a 5.8% stake in March 2024.
Mortgage Brain is one of the UK's leading mortgage technology providers, recognised for its strong recurring revenue model, high levels of customer advocacy and consistent growth. The acquisition significantly enhances Fintel's Software & Data division, adding market-leading capabilities across mortgage sourcing, criteria, affordability, customer relationship management and mortgage submissions. It also strengthens Fintel's ability to serve wealth, mortgage and multi-disciplinary advice firms through a comprehensive suite of technology solutions.
A key strategic benefit of the acquisition is Mortgage Brain's existing two-way integration with Plannr, the adviser operating platform in which Fintel holds a 49% strategic stake. Together, the platforms support seamless mortgage and wealth advice workflows, enabling firms to operate more efficiently across multiple advice disciplines. As advisory businesses increasingly seek integrated alternatives to legacy technology providers, the acquisition further strengthens Fintel's proposition and enhances its ability to capitalise on a growing pipeline of enterprise opportunities.
As part of the transaction, Zahid Bilgrami, currently Chief Executive Officer of Mortgage Brain, will assume leadership of Fintel's Software & Data division. He brings extensive experience in technology and financial services, having successfully grown Mortgage Brain and previously led Defaqto within the Fintel Group. His appointment reflects Fintel's continued focus on delivering innovation, connectivity and value to adviser firms across the UK financial services market.
"Mortgage Brain is a high-quality software business with strong recurring revenues, attractive growth characteristics and a leading position in the UK intermediary market.
The acquisition strengthens our Software & Data division, expands our capabilities across wealth, mortgage and multi-disciplinary advice firms, and increases the scale of our proprietary data assets.
Mortgage Brain's capabilities in AI and advice quality review, together with its integration with Plannr, create additional opportunities across our software, services and enterprise markets.
We are also delighted to welcome Zahid Bilgrami and his team to Fintel and look forward to working together as we continue to grow our Software & Data division.”
"Returning to lead Fintel's Software & Data division is a proud moment for me - it brings me back to the business I led for a decade, this time as part of a far broader proposition across financial services.
Mortgage Brain's market-leading mortgage data and technology, combined with Fintel's data and intelligence across wealth, insurance and financial products, creates a data set that is unique in the UK market.
That combination will power more informed decisions for advisers, better outcomes for consumers and deeper insight across the whole industry - and it gives us the platform to build the analytics and AI-enabled solutions that are now emerging.
I am genuinely excited by what we will build together."