Fintech raises millions to drive international growth

A Cardiff-based fintech has secured an additional £6.1m in funding to drive growth on the international wealth tech scene and expand its offering.

Founded in 2016, Delio’s technology enables banks, wealth managers and other financial institutions to connect investors with alternative assets such as private equity, private debt, and real estate.

The latest backing of the Welsh fintech comes from Octopus Ventures, one of the most active venture capital investors across Europe.

Maven Capital Partners, which led Delio’s Series A round in 2019, is also re-investing in the company, bringing the total equity funding raised to date to more than £11m.

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Source: Fintech raises millions to drive international growth | Wales Deals News | Insider Media