UK-based Delio has reportedly netted £1m in its latest funding round, which was led by the Development Bank of Wales.
A group of unnamed previous and new investors also contributed to Delio’s investment round, according to several reports in the media.
The company is a white label platform for private assets, helping to design, build and configure client offerings, in order to enhance deal flow distribution in compliant and structured ways. Delio supports anyone from family offices to global banks to directly invest in private equity, debt, real estate and other asset classes.
Delio doesn’t just look to improve distribution of existing networks, but reach new investors and sources of deal flow through opportunity sharing.
With this line of funding, the company will continue its global expansion efforts in Europe, Asia and the Middle East, the articles state.
The UK has seen a range of FinTech investments over the past week, with digital wallet Colu receiving a $14.5m funding round from IDB Development Corporation. Other recent investments include finance AI platform Kasisto’s $17m Series B, and AI solution developer SBDA Group’s undisclosed Series A.
The UK FinTech sector saw over £1.1bn invested in just Q3, bringing the total equity deployed for the first three quarters to £2.1bn. The largest deal in the quarter was P2P lender Prodigy Finance, which raised £155m in debt financing.
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