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Dubai Success for Welsh Fin Tech Firm

Dubai Success for Welsh Fin Tech Firm

A Cardiff Council-backed Welsh financial technology firm has become the only UK company selected to join a first-of-its-kind accelerator programme in Dubai. 

Delio, which has its head office in Cardiff, will join Fin Tech firms from Azerbaijan, the USA, Dubai, India, Jordan, Singapore and Sweden at the Dubai project.

Over 12 weeks, the 11 finalists will work with financial institutions and other stakeholders to create real solutions to address the evolving needs of the region's financial services industry.

Cardiff Council provided some financial support to Delio andaccommodation at Cardiff Business Technology Centre, the Council's incubation units in Senghennydd Road.

Deliohelps financial institutions connect private asset investments with high net worth capital throughinterlinked white-label platforms.

Cllr Russell Goodway, Cardiff Council's Cabinet Member for Investment and Development, said as well as providing accommodation for Delio at CBTB as an emerging company, the council supported the firm in raising funds and with general business advice.

He said: "I would like to congratulate Delio on securing their place on the programme in Dubai.

"The Council's strategy of providing incubation space for high growth start-ups is working and companies like Delio and its entrepreneurial founder are staying in Cardiff and flourishing because of the growing skill base and companies in the fintech sector.

"The company's potential has been highlighted by their success in achieving a place in the Quatar accelerator, the only one from the UK."

The accelerator programme marks the next step in Delio's international growth strategy toexpand its client base across the Middle East.


CEO of Delio Gareth Lewis said: "Being the only UK Fin Tech to make it onto the programme is a huge validation of the Delio solution and the role we can play in helping institutions connect private investors with investment opportunities across borders.

"Currently 50% of Delio's income comes from export sales andthere are huge opportunities for us in the United Arab Emirates."

Delio also has offices in London, Manchester and Brussels. Its clients include ING, UK Business Angels Association and Align17; an impact investment project in collaboration with institutions such as UBS, PwC and Hamilton Lane.