Wales Deals, Technology David Casey

An expanding Cardiff-headquartered financial technology company launched two years ago has secured £200,000 to create a further 30 jobs.

Delio has developed a platform for financial institutions that helps distribute deal flow and connect high net worth clients with investment opportunities.

The £200,000 backing from the Welsh Government will help the business to increase in headcount as it seeks to exploit its intellectual property through a financial and professional services client base.

"Our solution helps everyone - from family offices through to global banks - to offer more to those seeking to invest directly in private equity, debt, real estate and other asset classes," said Gareth Lewis, who co-founded Delio with David Newman in 2015.

"It provides markets for a range of uses - platforms can connect together multiple institutions on an individual basis so deal dlow can be shared both internally and with external partners. It can not only be used to improve distribution to existing networks but also to reach new investors and sources of deal flow."

Delio, which also has an office in London, opened a base in Brussels earlier this year.

The business said it was recruiting for a range of roles, including software development professionals, testing support experts and experienced marketers. It has partnered with recruitment firm Acorn to get staff.