Dynamic Planner confirms ‘significant’ PE backing

Dynamic Planner confirms ‘significant’ PE backing
Dynamic Planner chief executive, Ben Goss

Dynamic Planner has confirmed a “significant” investment from private equity growth investor, FPE Capital.

The financial planning software provider did not confirm the size or value of the stake.

Growth equity investors tend to sit somewhere in the middle of traditional venture capital firms which acquire small stakes in fledgling businesses, and private equity funds which usually buy more mature firms outright.

On its website, FPE says it invests anything between £5mn and £20mn in business-to-business software companies.

In an announcement today (July 14), Dynamic Planner said FPE will back the current management team and underpin its growth across the UK and Europe.

It said it was on track to “pass £10mn” in annual recurring licence revenues this year, having unveiled its client-facing cashflow app in February which formed part of a multi-million-pound upgrade it embarked on three years ago.

A month later, the software firm announced it was expanding its financial planning system into Europe, starting with France, Germany, Italy, Spain and Belgium.

European managing director, Christophe Ponette, was appointed to lead the company’s continental expansion based out of Luxembourg.

Dynamic Planner serves both advisers and asset managers, with some £250bn of assets sitting on its software-as-a-service platform.  

“As a fast growing, privately-owned company we were looking for an institutional investor partner to help us take the business to the next level in the UK and internationally,” said Dynamic Planner chief executive, Ben Goss.

“Our selection of FPE was based not just on their track record of backing software companies that successfully scale, but also on their team who we feel share our values.”

Goss said he is confident FPE understands the value Dynamic Planner brings to advisers and asset managers, which he described as “an independent provider of technology”.

“They also share our vision for solving our industry’s major challenges through technology such as process digitisation, customer experience, investing sustainably for future generations, and omni-channel financial planning in a post pandemic world,” Goss added.

“This investment allows us to progress our industry for the better and as a management team we look forward to sharing the benefits of this collaboration with our clients and team in the months and years ahead.”