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30th October 2020

Grafton Capital takes majority ownership position in ‘fintech of fintechs’, Third Financial

Private equity firm Grafton Capital has invested £7 million into Third Financial, the fast growing, innovative investment platform and software provider.

Grafton Capital’s investment takes it to majority ownership of the business, with £1.5m of fresh capital being injected onto the balance sheet. 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 sits behind many of the UK’s leading wealth managers, IFA networks, family offices and disruptive fintech firms. This next phase will see a focus on accelerating the growth of the platform while meeting the evolving demands of the market.

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