Fintech scale-up Delio is scaling up sales and marketing internationally after securing £3.3 million in venture capital investment. The global expansion will not only see Delio broaden on an international level, but also locally, creating 15 new jobs at its Cardiff HQ in the process.
The company fundraised from Maven Capital Partners and existing investors to extend its presence throughout Asia, the Middle East and America.
Delio will also expand locally, increasing its workforce by more than 30% in the next six months. The disruptive financial technology provider will move into its new state-of-the-art office in the heart of Cardiff later this year, progressing and cementing its ambition to create a hub in the Welsh capital.
Delio creates white label private market technology platforms for financial institutions, helping them appeal to today’s more entrepreneurial high net worth clients. Since its creation in 2015 the company has gone from strength to strength, trebling its customer base in just 15 months, working with the likes of Barclays, ING, Coutts and the newly formed UK Fintech Alliance.
Over the last year, the company has been recognised both regionally and nationally, named one of 20 UK fintech companies to watch by Tech Nation and winning the Fintech Scale-Up of the Year award at the Fintech Awards Wales.
Gareth Lewis, Chief Executive at Delio, said: “This is an exciting time for the Delio team and a huge opportunity for us to make our mark on a global scale. 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.”
Considered one of the fastest growing sectors of the Welsh economy, fintech is worth an estimated £8.2 billion, employing over 44,000 people in Wales. Supported by its recruitment partner Acorn, Delio is creating well-paid and attractive jobs for those seeking opportunities to work on ground-breaking technology.
Acorn’s Head of Talent, Pavan Arora said: “Delio’s mission to scale will boost the prospects of digital professionals in Wales. An exciting sector of our economy, keen investment in its growth reflects the aim to make Wales a global leader in fintech. A growth culture that is supported by the regions’ incubators, accelerators and co-working spaces.”