FinTech business Delio has today launched a new 'connected' network of private investment communities.

The start-up said DelioConnect enables its members to expand their distribution capability and deal flow by allowing them to find trusted partners to engage, connect and communicate with to find new sources of capital of investment opportunities.

Members can use the network to access a catalogue of vetted participants, allowing them to confidentially connect under their own terms.

"From our client conversations, we've seen a great appetite in the market for a connected network, which enhances and expedites deal flow in a secure and structured way and that's the inspiration behind DelioConnect," said co-founder and CEO Gareth Lewis.

"We already have around 60 institutions from around the globe going live with us, including wealth managers, family offices and corporate finance houses, and we're excited to see the impact the network will have for our members and the opportunities it opens for deal originators and investors."

Delio, a leader in white-label digital private market solutions, has offices in London, Manchester, Cardiff, Brussels and Sydney.

The business made two senior appointments earlier this year after raising£1m in a fundraising round led by the Development Bank of Wales.