Simplybiz Mortgages Achieves Growth in Lending and Market Share

Fintel PLC ( (GB:FNTL) ) just unveiled an update.

Simplybiz Mortgages, a subsidiary of Fintel PLC, has reported significant growth in its total lending and market share for the year 2024. The company’s market share increased from 4.50% in 2023 to 4.68% in 2024, and its total lending rose by 3.72% to £23.7 billion, outperforming the overall lending market, which saw a decline. This growth highlights Simplybiz Mortgages’ strong position in the sector and its commitment to delivering better financial outcomes, despite a cautious market environment.

Spark’s Take on GB:FNTL Stock

According to Spark, TipRanks’ AI Analyst, GB:FNTL is a Neutral.

Fintel PLC demonstrates solid revenue growth and strategic acquisitions. However, challenges such as declining profitability, weak cash flow, and high valuation metrics overshadow these strengths. Technical indicators suggest bearish trends, warranting cautious optimism.

To see Spark’s full report on GB:FNTL stock, click here.

More about Fintel PLC

Fintel PLC is a UK-based fintech and support services business that offers intermediary business support services, research, ratings, and fintech solutions. It provides technology, compliance, and regulatory support to intermediary firms, data and distribution services to product providers, and helps consumers make informed financial decisions. Fintel serves its customers through three core divisions: Intermediary Services, Distribution Channels, and Fintech and Research.

YTD Price Performance: -18.15%

Average Trading Volume: 174,140

Technical Sentiment Signal: Strong Buy

Current Market Cap: £225.1M

For detailed information about FNTL stock, go to TipRanks’ Stock Analysis page.