A Welsh fintech company, Delio, has recently secured £13m in funding from a group of investors led by BGF. The funding will be used to expand the company’s global reach and develop its technology platform.
Delio was founded in 2015 and provides a white-label platform for financial institutions to offer their clients access to private market investments. The platform allows clients to invest in a range of alternative assets, including private equity, real estate, and infrastructure.
The company has seen significant growth in recent years, with its platform now used by over 100 financial institutions across Europe, Asia, and the Middle East. The new funding will allow Delio to expand its presence in these regions and enter new markets.
The funding round was led by BGF, a UK-based investment firm that specializes in providing growth capital to small and medium-sized businesses. Other investors included Maven Capital Partners, Guinness Asset Management, and individual investors.
David Newman, CEO of Delio, said: “This funding round is a significant milestone for Delio and will enable us to accelerate our growth plans. We are excited to be working with BGF and our other investors to take our platform to the next level and bring the benefits of private market investing to a wider audience.”
The private market investment space has traditionally been dominated by institutional investors and high net worth individuals. However, Delio’s platform allows financial institutions to offer these types of investments to a wider range of clients, including retail investors.
The company’s technology platform also provides a range of tools and analytics to help financial institutions manage their private market investment portfolios more effectively. This includes real-time reporting, risk management tools, and access to a network of investment professionals.
The new funding will allow Delio to continue to develop its technology platform and expand its team. The company plans to hire additional staff in its Cardiff headquarters and open new offices in London and Singapore.
Overall, the £13m funding round is a significant milestone for Delio and highlights the growing demand for private market investments among a wider range of investors. With its innovative technology platform and global reach, the company is well-positioned to capitalize on this trend and continue its rapid growth in the years ahead.
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