Delio named a fintech company to watch by Tech Nation

Delio, a private asset management platform, has been named one of the UK’s most promising fintech companies by industry body Tech Nation.

The Cardiff-based start-up has joined the Tech Nation Fintech cohort, which is being delivered as part of the UK Government’s fintech strategy.

As part of the programme, Delio will join nineteen other companies at coaching sessions held in London, Manchester, Leeds and Edinburgh to foster dialogue and develop business relationships.

Over the next few months, the companies will have a chance to learn from some of the country’s most successful fintech entrepreneurs and embark on a trip to the US to network with potential investors and partners.

They’ll hear talks about topics such as scaling challenges, partnerships with incumbents, regulations and international expansion. Seven of the businesses are based outside London, with offices in Norwich, Edinburgh, Cardiff, Canterbury, Manchester and Bristol.

Services include cutting-edge payment services, new capital and digital tools for SMEs, companies tackling regulation in financial services and artificial intelligence pioneers.

Founded in 2015, Delio has developed a range of digital infrastructure, processes and tools to help organisations enhance their private asset propositions.

Speaking about the scheme, Delio chief executive Gareth Lewis said: “We’re honoured to be amongst the 20 fintech companies to watch, and thrilled about joining the Tech Nation programme.

“It’s been an exciting time for us as we continue to grow our team and expand into new geographies. This latest news gives us a further push and is recognition of all our team’s hard work to date.”

John Glen MP, economic secretary to the Treasury, said the British fintech sector continues to go from strength to strength. He commented: “It’s no wonder that UK fintech has received more investment so far this year than US fintech.

“I’m thrilled to see Tech Nation’s fintech programme launch with such a strong cohort of dynamic young companies – I have no doubt they’re destined for amazing things.”

Greg Michel, fintech lead at Tech Nation, said the new programme has been a hit among companies across the country and highlights Wales as a fintech hotspot.

“When we decided to focus the first edition of the Tech Nation Fintech programme on B2B and B2B2C, we expected strong applications from Wales and we weren’t disappointed,” he told Tech Dragons.

“With fintech companies increasingly looking at serving other businesses, large and small, and solving complex enterprise issues, Wales has a very good card to play in my mind.

“With Brexit on the horizon, the challenge now for all the fintech hubs in the UK is to link up, pool their efforts, leverage each others’ strength and be as bold as possible.

“The programme will try to be, among other things, a step in this direction. We’re excited to see Delio fly the red dragon flag in the cohort and look forward to seeing them go from strength to strength.”