As a new generation of digitally minded entrepreneurs enters the wealth creation landscape it is transforming the accepted norms of how that wealth is managed.
Today’s new breed are used to asking tough questions and expect access to more interesting deal flow in real time. And they have an entrepreneurial approach to their own investing strategies - they want to buy into the mission of what they are investing in.
Gareth Lewis saw, understood and embraced this new entrepreneurial spirit from the very start of his financial services career as a young M&A advisor. It would become the inspiration for Delio, the private markets investment infrastructure white-label platform he co-founded in 2015 at the appropriately youthful age of 25.
“I was helping clients from many different walks of life and I was seeing a growing appetite to invest in different types of real asset classes such as private equity and social impact investing. The industry didn’t really have a streamlined technology framework that could cater to this need so we saw a big gap in the market,” says Lewis.
Four years after launch, Delio employs over 30 people and provides the customised private market investment technology platforms for more than 200 clients ranging from global banks to small angel networks.
For Lewis and his co-founders a particular point of pride is that they’ve been able to build a thriving business from Cardiff, Wales - a testament he notes to the UK FinTech sector’s regional strengths and potential for future growth.
“When I started my career the onus was very much on moving away from Wales to be successful,” says Lewis. “What I found when I moved back was that we actually had very strong tech talent pools to draw on. So we’ve been very passionate about creating a sustainable path for that talent.”
Not only does Delio look to recruit young developers from the region, it also goes out into the local schools to teach coding and help develop the next generation of talent.
For Lewis, it is all part of ensuring that the growth of FinTech will benefit the UK as a whole. “The catchment size of the UK FinTech sector is still really small geographically. However if we look at the UK as a collective of FinTechs together we really punch above our weight and it puts us on a larger footing with other countries.”
Delio is a FinTech Alliance community hub member. Learn more about joining here