Platform One has agreed to acquire fintech Gaudi and takeover the over £1bn of SIPP assets currently administered by the firm.

Former Mattioli director Mark Smith has been appointed CEO at pensions and SIPP fintech Gaudi.

Gaudi, the SIPP and platform fintech business, has launched a white-labelled pension income drawdown product that can be used by any financial brand.

FCA regulated stockbroker and investment platform app Freetrade has launched a SIPP, administered by Gaudi.

The Gaudi SIPP has continued to grow and attract new clients despite lockdown and now has over 20,000 SIPPs under its administration. According to data from MoretoSIPPs, this moves Gaudi into the top twenty SIPP providers for the first time.

The SIPP and platform fintech firm Gaudi has recruited three senior industry figures to help with expansion and new wins.