Maven invests £2m into Cardiff fintech enabler expanding international sales

Private equity investor Maven Capital Partners has invested £2m into fintech provider Delio Limited.

The funding will go towards supporting the company’s international sales team across global financial locations, like Europe, Asia, North America and the Middle East.

The initial £2m investment in Delio, a white-label software platform helping global financial institutions manages its private asset offerings, will also support further product innovation, including ‘add-ons’ to its existing SaaS system.

This funding adds to the overall investment round totalling £3.3m, which includes further funding from existing investor the Development Bank of Wales. Maven’s £2m investment will rise to £3m if a further tranche is required.

James Darlington, Maven’s investment manager, said: “Maven are delighted to support Delio as it seeks to expand its presence in a growing global market.

“The company has successfully developed a highly scalable, technology-enabled solution which will drive a shift towards the streamlined and secure digital investment process of private asset transactions.”

Delio’s configurable software is said to be enabling private banks, wealth managers, family offices, angel networks, and investment funds, to appeal to the next generation of high-net-worth investors.

Launched in 2015 and based in Cardiff, Delio facilitates financial institutions to address the changing needs of modern wealth-creators, who are becoming more active in the construction of their private investment portfolios.

Delio has since attracted a blue-chip client base from across the financial service sector, including Coutts, ING and Barclays.

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