FinTech Alliance, a digital platform launching on 10th June to unite both the UK and the global financial technology sector, announced today a partnership with Welsh startup Delio, a private asset investment infrastructure as a service company, to power its funding feature. The deal will enable startups within the alliance’s community to access important routes to funding directly through the organisation’s website.
FinTech Alliance was announced in late April by the Rt Hon Philip Hammond MP, Chancellor of the Exchequer, and in partnership with the Department for International Trade (DIT), to bring together the strengths of the UK’s fintech ecosystem in one destination. The platform officially launches on 10th June and is built on providing opportunity and education to those working in the fintech sector.
One of the core missions of the FinTech Alliance is to enable the fintech ecosystem to continue to grow across the UK. Funding plays a key role in this, and the partnership with Delio will enable the platform’s community to connect with investors and capital directly.
For both fintechs looking for funding and for high net-worth investors looking for funding opportunities the process of using the platform is straightforward. Once registered, companies can post a project they seek to be funded, including details and relevant documents. When the project is approved, they are able to track investor engagement via a dashboard and interact directly with investors that are interested. The investment portal gives investors a truly end-to-end solution, from distribution to execution all the way through to portfolio reporting. Delio already provides its technology to companies like ING and Barclays.
Alastair Lukies CBE, member of the Prime Minister's Business Council and chairman of FinTech Alliance, said: “The Alliance is here for the whole of the UK so we are thrilled to have such a prominent Welsh fintech, Delio, on board, helping us build a crucial functionality into our platform.”
Gareth Lewis, co-founder and CEO, Delio, added: “At Delio, we already work with a wide range of firms to provide effective digital private market solutions. Given the importance of the UK fintech sector, we are really excited now to provide the FinTech Alliance with our platform. Using it will help companies and investors match the best funding opportunities and, in turn, power the continued growth of UK fintech.”
Individuals or a company can build a profile on the FinTech Alliance, where users will be able to access and share a wealth of insight and news across the platform, connect with investors, receive updates on the latest policy and regulatory changes, and find the talent they need in order to scale.
Individuals can register for free and businesses have to pay a monthly subscription or annual fee for a presence on the FinTech Alliance’s platform. The profits made by the organisation will be used to drive further initiatives and support pre-existing organisations in the UK fintech community.
FinTech Alliance is supported by principal partners including commercial data and analytics company Dun & Bradstreet; software development business, Endava; financial services company, First Data; professional services firm PwC; payment services and Mastercard company, Vocalink; and legal firm White & Case.