Fintech company Delio raises £1m and adds to senior team

Fintech company Delio, which has an office in Manchester, has raised £1m in an investment round led by the Development Bank of Wales.

Delio builds digital investment platforms to help financial institutions connect wealthy investors with a wide range of private investment opportunities.

Together with participation from new and existing private investors, Delio said the investment supports its ongoing expansion in Europe, Asia, and the Middle East.

The company also announced it has hired Gareth Morgan, former chief risk officer of HSBC Private Bank in Asia Pacific, as chief risk and compliance officer, while Andy Samuel joins as chief technology officer after holding a number of executive roles at Virgin Money, Iron Mountain and Target Group.

The boosted funding and expanded leadership team tops a successful year which has also seen the company authorised by the Financial Conduct Authority, enabling the team to offer regulatory support to its partners to further enhance the investment propositions they offer their clients.

The past twelve months has seen Delio enter into a number of key partnerships including with Coutts, ING, and the UK Business Angels Association (UKBAA).

As well as working on the ‘Align 17’ impact investing initiative, which is supported by UBS and the World Bank, Delio is also part of the FinTech Hive program in Dubai.

Gareth Lewis, co-founder and chief executive of Delio, said: “Following our success over the last 12 months, this latest investment allows us to accelerate our growth and build on our existing achievements into the new year. Gareth and Andy are both fantastic additions to our team and we’re all really excited to have them on board. As we continue to grow our already burgeoning global client base we will be looking to strengthen our team further still.”

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