Welsh Delio secures £3.3m equity round
UK-based private asset infrastructure service, Delio, has secured £3.3 million in an equity investment round led by Maven Capital Partners, which will purport the company into markets across Asia, the Middle East and North America.
Founded in 2015, the Welsh fintech is working with Barclays, ING and Coutts, and will also create 15 new jobs in its Cardiff HQ, in addition to expanding its workforce by 30% in the next six months.
Its offering is a white label private market technology platform for financial institutions, appealing to entrepreneurial, high net worth clients.
“This is an exciting time for the Delio team and a huge opportunity for us to make our mark on a global scale,” says Delio co-founder, Gareth Lewis. “To receive support from Maven highlights the growth opportunity in the business and in the private markets as a whole. As the industry continues to grow, it is vital we grow with it.”
Currently fintech pumps £8.2 billion into the Welsh economy, employing more than 44,000 people. Delio’s technology recruitment partner, Acorn, is especially pleased with the uplift to Wales’ economy.
“Delio’s mission to scale will boost the prospects of digital professionals in Wales,” says Acorn’s talent head, Pavan Arora. “An exciting sector of our economy, keen investment in its growth reflects the aim to make Wales a global leader in fintech.”