FinTech firm Delio to expand workforce with £200k support
Cardiff-based FinTech disrupter Delio will create an additional 30 jobs with £200,000 of Welsh Government support.
Delio, a platform which helps financial institutions connect high net worth clients with investment opportunities, will expand with the repayable business finance.
Launched two years ago, Delio also has an office in London and opened a base in Brussels earlier this year.
Welsh economy secretary Ken Skates said: “Financial technology is a fast-growth area for the Welsh economy and one which we are keen to support and develop.
"Our thriving tech ecosystem with its growing supply chain, combined with our entrepreneurial universities, provide a firm foundation for these sectors to thrive.
“Delio has already been noted for its high growth potential and joins a growing number of emerging, smart Welsh companies that are clearly making their mark in this market.
"I am pleased Welsh Government funding will support Delio’s expansion plans.”
Co-founder Gareth Lewis said: "Our solution helps everyone - from family offices through to global banks - to offer more to those seeking to invest directly in private equity, debt, real estate and other asset classes.
"It provides markets for a range of uses - platforms can connect together multiple institutions on an individual basis so deal dlow can be shared both internally and with external partners.
“It can not only be used to improve distribution to existing networks but also to reach new investors and sources of deal flow."
Delio is recruiting software development professionals, testing support experts and experienced marketers through recruitment firm Acorn.