Defaqto is the UK's most comprehensive database on financial services products.

At its core Defaqto is the UK’s largest retail financial product and fund database from which it creates a range of solutions and services – ratings, software tools, consultancy services, data services, and publications and events – to deliver this information in a meaningful way. Defaqto’s intelligence facilitates better financial decisions and greater effectiveness in the creation, management and distribution of financial products.

Synova has invested in Defaqto alongside the management team of Zahid Bilgrami, Alastair Brown and Remko Bijtjes in order to support the future growth of the business.

KEY FACTS

  • 130%Earnings CAGR
  • 2.5mData points
  • 8kRated financial products
  • Sector:
    Business Services
  • Investment date:
    March 2015
  • Website:
    www.defaqto.com

ZAHID BILGRAMI
CEO – Defaqto
“Working with Synova is a real partnership. They have a huge desire to move the business forward”

INVESTMENT CASE

The management team is focused on increasing the breadth and depth of Defaqto’s extensive database whilst leveraging that information to expand the solutions it offers to the market. Today as well as being recognised as a trusted provider of software and information to financial institutions, the public sector and independent financial advisers (IFAs); Defaqto has also built a strong reputation as the leading independent provider of ratings for retail financial products and funds. The Defaqto ethos is to provide information and software to enhance the creation, management and distribution of financial products by its customers and also to facilitate the making of better financial decisions by consumers. Synova has invested in the business to further build on Defaqto’s exceptional track record and exciting growth prospects through a transaction that has fully aligned management with the success of the company.

GROWTH STRATEGY

Synova’s investment will support the Management’s plans to expand the software solutions and ratings Defaqto provides to the market and increase its penetration with the providers of retail financial products and independent financial advice.