Fintel, formerly known as SimplyBiz, has sold its ‘non-core’ Zest tech business for £10m, the company reported today. 

Fintel chairman and industry veteran Ken Davy steps down today at the firm’s first AGM since rebranding from SimplyBiz last month.

Fintel, formerly known as SimplyBiz, has reported a drop in revenues and profits in its 2020 results as the adviser support company seeks more acquisitions.

SimplyBiz Group, the adviser support company, has rebranded as Fintel following its acquisition of fintech Defaqto and a greater focus on financial technology.