Private equity investor Maven Capital Partners has invested £2m into fintech provider Delio Limited.
The funding will go towards supporting the company’s international sales team across global financial locations, like Europe, Asia, North America and the Middle East.
The initial £2m investment in Delio, a white-label software platform helping global financial institutions manages its private asset offerings, will also support further product innovation, including ‘add-ons’ to its existing SaaS system.
This funding adds to the overall investment round totalling £3.3m, which includes further funding from existing investor the Development Bank of Wales. Maven’s £2m investment will rise to £3m if a further tranche is required.
James Darlington, Maven’s investment manager, said: “Maven are delighted to support Delio as it seeks to expand its presence in a growing global market.