Wales

Welsh platform to expand after securing £200,000 of government funding



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Investment platform Delio has announced plans for expansion after securing £200,000 in repayable business finance from the Welsh government.

Launched in 2015, Delio creates bespoke private asset platforms for financial institutions to facilitate direct investment in opportunities such as private equity, debt and real estate.

Delio will use the funds to create 30 new jobs in Cardiff and safeguard a further seven.

“Financial technology is a fast-growth area for the Welsh economy and one which we are keen to support and develop,” said Ken Skates, economy secretary for Wales.

“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.”

This latest investment will be essential for Delio to achieve its three-year growth plan, helping the business to exploit its intellectual property via a blue-chip financial and professional services client base.

The company is currently in discussions with two of the UK’s major financial institutions about rolling out their offering across the banking groups.

In just over a year, Delio has extended its customer base overseas, with a new office in Brussels and projects underway in Holland, Luxembourg and Australia.

“Our solution helps everyone – from family offices through to global banks – [and offers] more to those seeking to invest directly,” added Gareth Lewis, co-founder of Delio.

“It provides markets for a range of uses – platforms can connect together multiple institutions on an individual basis so deal flow can be shared both internally and with external partners. 

“It cannot only be used to improve distribution to existing networks, but also to reach new investors and sources of deal flow by sharing opportunities with total control and flexibility."

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