FinTech provider Delio secures Maven backing
The Maven VCTs have invested in FinTech provider Delio, a white label software solution which helps global financial institutions enhance and improve their client systems. Delio works with banks, wealth managers, family offices, angel networks, and investment funds to deliver customised technology platforms that optimise the distribution, transacting and reporting of investment opportunities to their investors. An integrated digital toolkit drives efficiency, grows revenues and improves the client experience in a robust and compliant manner.
Delio’s agile and configurable software is addressing the changing needs of investors, who are becoming increasingly more active in the construction of their private portfolios and seek to invest directly in a range of alternative asset opportunities. Institutional investors can deliver full details of investments to their client base through Delio’s powerful and intuitive portal, while the system also provides clients with a consolidated view of their investments.
Launched in 2015 and based in Cardiff, Delio facilitates financial institutions to address the changing needs of today’s wealth-creators who are becoming increasingly more active in the construction of their private investment portfolios and seek to invest directly in opportunities across a range of alternative assets. In a short space of time the business has attracted a blue-chip client base from across the financial service sector, including Coutts, ING and Barclays.
The funding will support the business scale its international sales team across key global financial locations in Europe, Asia, the Middle East and North America.
Maven are delighted to support Delio as it seeks to expand its presence in a growing global market. The business 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 has proven its market leading offering to date, boasting a high-quality client base that covers geographies around the world, including three of the top five UK Private Banks. Their service offering is already demonstrating true ROI for their blue-chip clients which has assisted them in generating an attractive pipeline.
James Darlington, Investment Manager at Maven
To reach this milestone and receive this backing from Maven is not just recognition of the work put in by the team to date, but it’s an indication of the sizeable near term growth opportunity available to the business as we continue to establish ourselves as leaders in developing technology enabled private market propositions for a range of financial institutions around the world.
The financial support will enable us to accelerate our hiring roadmap in key geographies, whilst continuing to look at how our flexible technology infrastructure and expertise can support the increasing number of organisations looking to do more in private markets. In doing this, we have identified a number of exciting ancillary opportunities where we can believe we can deliver further value to our clients.
Gareth Lewis, Chief Executive at Delio