WELSH SUCCESS STORIES

Delio

How are you contributing to Wales' vibrant economy?

Delio is headquartered in Wales and contributes to the local economy via:

  • The creation of 30 professional jobs in Financial and Professional Services, a Welsh Government key focus area;
  • Partnerships with Cardiff University, Cardiff City Council and the Welsh Government, offering placements to keep talented individuals within Wales and participate in the Cardiff Commitment;
  • National recognition as one of the Tech Nation cohort and named in the top 20 UK fintech firms to watch, Wales’ only representative. Part of Startupbootcamp accelerator programme, selected from 450 applicants across 53 countries and Wales’ first Fintech start-up in this programme;
  • Selection as one of Digital 2016’s ‘digital dozen’ in the Welsh Government’s Accelerated Growth Programme;
  • Maintaining strong relationships with local organisations like Angels Invest Wales, supporting them in connecting Welsh start-ups with wealth creators, enabling innovative Welsh companies to thrive and building the prominence of Welsh private companies globally.

Further to this, we also represent Wales globally by:

  • working with high profile multinational clients;
  • maintaining a physical presence in London, Continental Europe, the Middle East and Asia Pacific;
  • participating in accelerator programmes across Europe and being the only UK representative in Dubai’s Fintech accelerator programme; and
  • Working with the Department of Trade and Industry as a representative of the UK’s Tech Industry in overseas visits to showcase the UK economy.


What does Vibrant Economy Wales mean to you and your organisation?

Close collaboration and relationship building with stakeholders is essential, whether with corporate partners, the Government, local authorities or Universities. Our relationships with the Welsh Government, Cardiff City Council and the Development Bank of Wales have been key to our evolution and our success. We have also benefited from a blossoming relationship with the Cardiff University Business School, from which we’ve recruited two successful graduates.

The value of good mentorship cannot be understated, especially for a start-up in a budding industry like fintech. We benefit from a panel of senior advisors guiding us on our vibrant economy Wales journey. Our advisors have senior, longstanding experience in financial services and have held Board level positions (Chief Executive Officer, Chief Operating Officer, Chief Technology Officer and Chief Risk Officer) at leading multinational firms including large Banks, Wealth Managers and Family Offices. Their advice has been instrumental in our growth.

Being located outside the London sphere, it’s essential to market your proposition effectively. Right from the genesis of Delio we have known our marketing must portray that we are a serious player in the fintech space and we have invested in it accordingly, both with external companies and by building our internal marketing department.


What key piece of advice would you give to others on their Vibrant Economy Wales journey?

Wales is a key part of our identity and culture and will continue to be so. The vibrant Welsh economy has helped us to thrive in a great place, recruit great people and develop a great support/partnership network. Not only do we see this as a key point of difference to our competitors, our clients also see it in this way.

Regarding recruitment, there are several universities and colleges in Wales delivering top programmes, and therefore, graduates with strong business and tech capabilities. The growth of the Welsh economy enables businesses here to harness that talent and keep it in Wales, adding to the industry diversity and vibrancy and making Wales increasingly attractive as a base for skilled professionals.

Regarding support, the Welsh Government recognises and supports the Financial and Professional Services sector and the Technology sector as important industries, and as such, they have provided valuable support as we’ve grown the business.

We’re grateful for the support that we have received and we believe we have reciprocated this support across our stakeholder network.