Welsh FinTech firm Delio has relocated to Cardiff following a £3m investment boost.

The new state-of-the-art office on Windsor Place was purchased by a group of investors and Delio’s chief executive and co-founder Gareth Lewis.

Lewis said he hopes the move will prompt further developments in the FinTech sector in South Wales.

He said: “The relocation to Windsor Place highlights how much Delio has been able to grow in Wales since its early days.

“I am really excited to move our team into this new space. Not only will it suit our ever-growing team, but it will also extend our relationships in the local community. As we continue to expand globally, we remain proud of our Welsh roots.

“The world of finance and wealth management is thriving at a rapid speed, so we must create the foundations for our vibrant team to develop alongside this and grow as individuals. This new space enables our technology and operations teams to work closely together in an agile and collaborative environment.”

The close to 4,000 sq. ft refurbished office space will accommodate over 50 employees across three floors with further capacity to grow.

The firm uses its technology to connect high net worth individuals with private deal flow.

Delio works with a diverse range of financial institutions across the UK and abroad and was recently named FinTech Scale-Up of the Year at the Fintech Awards Wales. Its clients include top-tier banks and angel networks, including Barclays, ING, Coutts and UK Business Angels Association (UKBAA).