British mortgage technology firm Twenty7Tec has acquired Meet Parker, an AI-driven digital engagement specialist, for an undisclosed amount.
This acquisition follows Twenty7Tec’s initial investment in Meet Parker 18 months ago. Meet Parker has gained recognition for its innovative chatbot, designed specifically for the mortgage, insurance, and property industries.
With operations in the UK and the Far East, Meet Parker’s AI technology facilitates essential triaging questions for customers, subsequently connecting them with qualified advisers. Additionally, the company has been developing an omnichannel marketing tool aimed at helping advisers maintain relationships with existing clients.
Looking ahead, Twenty7Tec intends to seamlessly integrate Meet Parker’s solutions into its Velocity platform, empowering advisers in the wealth and mortgage sectors to leverage AI for enhancing client retention and boosting lead generation.
This marks Twenty7Tec’s second acquisition this year, shortly after the company acquired the mortgage affordability platform Broker Sense. With this growth, Twenty7Tec now boasts a workforce of over 120 employees.
James Tucker, CEO of Twenty7Tec, stated: “This acquisition will enable advisers to digitize their lead generation and onboarding processes, while also enhancing client retention. It represents a significant advancement in our mission to transform the mortgage and wealth advisory landscape.”