360 Dotnet, the FinTech CRM platform for the UK intermediary market, and Quilter plc have announced a further investment of growth capital increasing its shareholding.
Quilter has been a shareholder in 360 Dotnet since 2015 and has utilised 360 Lifecycle as a key component of its advice network, Quilter Financial Planning. Continuous enhancements to 360 Lifecycle have proven to be key in delivering efficiencies and growth.
Over 6,000 users utilise 360 Lifecycle writing over £50 billion in mortgage lending, processing 180,000 cases per annum via the platform. 360 Lifecycle powers advice journeys in both wealth management and mortgage and protection businesses.
It helps financial advice businesses like Quilter stay in control of its data, advice processes, compliance, and payments, as well as finding ways to increase productivity and revenue.
New Consumer Duty rules mean advice businesses need technology that is configurable, adaptable, agnostic and at the top of its game.
Ozgur Unlu, CEO of 360 Dotnet, said: “Having worked with Quilter we are pleased to continue to support them, and we are proud that 360 is a core CRM Platform within Quilter’s advice business. 360 has embraced their forward-thinking vision which has allowed us to deliver the exceptional service and the software required to be successful in today’s market. We are excited to see Quilter increase their shareholding significantly in our business and what another decade of working together can bring as we enhance our relationship further.”
Steve Gazard, Chief Distribution Officer, Quilter, said: “We aim to be a key business partner with the advice firms we work with, and want to support financial planning firms and their customers to make best use of the opportunities available in digital technology.
We’re pleased to continue to back the team at 360 Dotnet which has developed one of the most exciting and intuitive pieces of software in the mortgage advice market and is now growing strongly in the wealth market.”
Quilter M&A Director, Willem van Rooy, adds: “One of the key advantages of aligning with Quilter is the flexibility and capital strength we provide, and this further investment into 360 is a fantastic example of our support for the development of the financial planning profession.”