Third Financial

Founded in 2008 and exclusively focussed on the Wealth and Investment Management sector, Third Financial is one of the fastest growing and most innovative software and platform service providers in the market today. Our award-winning front-to-back Tercero software is used by around 50 Investment and Wealth firms to manage over £40bn of assets, and by more than 1,000 industry professionals. Tercero Platform is our next-generation platform services offering for firms choosing to outsource middle and back office operations. It will be available to clients from Spring 2016. With our software expertise and in-depth understanding of all aspects of investment management operations, we are uniquely placed to provide our clients with the services they require, through our software and platform solutions.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2008
Size (employees)
40 (est)+3%
Third Financial was founded in 2008 and is headquartered in London, GB

Third Financial Office Locations

Third Financial has offices in London and Halesowen
London, GB (HQ)
17 Neal's Yard
Halesowen, GB
Fountain House Great Cornbow

Third Financial Data and Metrics

Summary Metrics

Founding Date

2008

Total Funding

$3.9 m

Latest funding size

$3.9 m

Time since last funding

over 2 years

Investors

Third Financial's latest funding round in May 2015 was reported to be $3.9 m. In total, Third Financial has raised $3.9 m

Third Financial Financial Metrics

Third Financial's revenue was reported to be £4 m in FY, 2016 which is a 10% decrease from the previous period.
GBP

Revenue (FY, 2016)

4 m

Revenue growth (FY, 2015 - FY, 2016), %

(10%)

Gross profit (FY, 2016)

1.8 m

Gross profit margin (FY, 2016), %

46%

Net income (FY, 2016)

(880.4 k)

Cash (31-Dec-2016)

1 m
GBPFY, 2015FY, 2016

Revenue

4.5 m4 m

Revenue growth, %

(10%)

Cost of goods sold

1.8 m2.2 m

Gross profit

2.7 m1.8 m
GBPFY, 2014FY, 2015FY, 2016

Cash

543.9 k629.8 k1 m

Accounts Receivable

588.4 k600.8 k371.6 k

Current Assets

1.1 m1.7 m1.9 m

PP&E

24.6 k97 k109.1 k
GBPFY, 2015FY, 2016

Cash From Operating Activities

680.2 k(268.8 k)

Cash From Financing Activities

181.4 k1.4 m

Income Taxes Paid

271.7 k380.8 k
GBPY, 2016

Revenue/Employee

93.2 k

Financial Leverage

1.5 x
Show all financial metrics

Traffic Overview of Third Financial

Third Financial Online and Social Media Presence

Third Financial News and Updates

Banks and startups rally behind fintech industry post-Brexit in fresh push

Banks and startups are rallying behind the fintech industry in a fresh push to keep Britain ahead as a world leader in the high-flying and innovative sector after Brexit. Several of the world's leading banks have vowed to support fintech startups in the UK, while entrepreneurs have promised to re…

London fintech startup GoCardless raises millions more cash from top VCs

A London fintech startup backed by one of SIlicon Valley's most prestigious accelerator programmes has raised millions of pounds in fresh funding from venture capital investors. GoCardless has landed $22.5m from existing investors Accel, Balderton Capital, Notion Capital and Passion Capital, brin…

Goldman Sachs backs UK fintech startup Neyber with massive £100m

Leading investment bank Goldman Sachs has backed a UK fintech startup to the tune of £100m. The huge new £115m round of funding for London startup Neyber comes in the form of debt and equity financing and an additional £15m comes from existing investors Gael de Boissard and Henry Ritchotte, forme…

Top Israeli entrepreneurs take to London for tech summit

 A raft of top Israeli entrepreneurs meet today in the capital for a disruptive technology summit, in a vote of confidence for London's tech scene. Among those speaking at the UK Israel Business technology summit include OurCrowd founder Jon Medved, Gett's Western Europe boss Matteo de Renzi, and…

Meet the City’s newest fintech hub

More than three decades ago the Square Mile sprang up from the Big Bang wave of deregulation. Big money and big banks went hand-in-hand at British Land’s Broadgate, but, with the likes of tenants such as UBS and Nex Group moving to new locations, the property firm is eyeing up a reinvention of th…

A Wealth Tech World: Mapping Robo-Advisors Around The Globe

Check out even more content at Future of Fintech 2017. Use code “FoFInsights” to get $1000 off your ticket. Since 2012, private robo-advisors have raised over $1.32B globally across 119 equity investments. Robo-advisors make up the largest sub-category of companies in … Continued
Show more

Third Financial Company Life and Culture

You may also be interested in