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Cardiff Based Delio in Top 20 UK Fintech Companies to Watch


Tech Nation is thrilled to announce the 20 early-stage fintech companies that will be joining its first fintech programme this autumn and Cardiff based Delio is on the list.

The cohort includes some of the UK’s most promising fintech startups and reflects major trends in the fast maturing fintech sector where the UK is an acknowledged global leader. The companies selected offer innovation right across the financial services sector from consumer solutions to business to business ventures, demonstrating how fintech has the potential to dramatically improve the provision of essential services like payment solutions and banking.

Delio Chief Executive Gareth Lewis said:

“We’re honoured to be amongst the 20 fintech companies to watch, and thrilled about joining the Tech Nation programme. It’s been an exciting time for us as we continue to grow our team and expand into new geographies. This latest news gives us a further push and is recognition of all our team’s hard work to date.”

Richard Theo, CEO,  Wealthify and one of the judges for the Fintech programme, said:

“The applications to the Tech Nation Fintech programme where quite fantastic but the six million dollar question is whether there’s a future unicorn lurking within the 20 companies. Given the great range of ideas, the strengths of the teams and the support they can now get – there’s a really good chance that there’s one in there.”

The variety and excellence of the selected companies is testimony to the strength and vigorous growth of the UK’s fintech sector, which is developing rapidly right across the nation. Seven of the 20 companies are based outside London, with their offices in Norwich, Edinburgh, Cardiff, Canterbury, Manchester and Bristol.

With capital invested in fintech reaching record highs in 2017 and poised to soar even higher this year, the fintech sector now boasts hundreds of startups keen to get a foothold in the financial services market. The Tech Nation Fintech programme is targeted at those rapidly growing early stage companies and is one of the key measures announced by HM Treasury in its Fintech Sector Strategy earlier in the year, to support the development sector at a national level.

The average age of the fintech companies chosen to join the programme is three years old. Just over half (12) are business-to-business startups, while four are B2B2C and four are hybrid B2B/B2B2C companies.

Over five months, the cohort will get the chance to work with and learn from some of the most talented fintech entrepreneurs in the UK on key topics such as scaling challenges, partnerships with incumbents, regulations and international expansion. These insight sessions will take place in London, Edinburgh, Manchester and Leeds to encourage cross-country networking.

John Glen MP, Economic Secretary to the Treasury said:

“Our vibrant fintech sector continues to go from strength to strength, and it’s no wonder that UK fintech has received more investment so far this year than US fintech. I’m thrilled to see Tech Nation’s fintech programme launch with such a strong cohort of dynamic young companies – I have no doubt they’re destined for amazing things.”


Average funding raised: £1,096,650

Average revenues per year: £260,406

Average company age: 3 years

Average number of users: 6,640

Regional representation: Seven companies from outside London, including two in Scotland, one in Wales

% of companies with female founder/co-founder: 40%

Full list of Fintech 2018 companies:

Airtime Rewards – Manchester

A mobile technology business in the consumer loyalty and rewards sector. Retailers use Airtime Rewards to incentivise, reward and digitally connect to 89m consumers via their smartphone.

Akoni – London

A cash management solution for SMEs.

AltFi Data – London

Collates data to provide reliable like-for-like metrics for lenders.

Rupert Taylor, AltFi Data’s Founder & CEO, said: “We are delighted to be part of the first fintech nation cohort. UK fintech is proving a world leader. With the help of Tech Nation AltFi Data’s ambition is that our loan performance standard will also be established as the world leader”

Coinfirm – London

Coinfirm develops a verification and compliance platform for blockchain. It provides valuable insight into entities and transactions, allowing for the institutional adoption of blockchain and digital currencies.

Pawel Kuskowski, CEO said: “We wanted to showcase our business model and the value we can bring – and we believe Tech Nation’s first ever fintech growth programme could be a driver for a significant reduction of the time it takes to bring ideas to international markets.”

CoInvestor – Canterbury

CoInvestor provides technology solutions for wealth managers, independent financial advisers and fund managers to manage alternative asset investments, from EIS and VCTs through to private equity and yield products.

CreditLadder – London

Payments platform that utilises open banking APIs to revolutionise and optimise direct debit payment tracking. CreditLadder’s technology allows renters to have their rent payment tracked, giving them the opportunity to improve their credit score while they rent.

Delio – Cardiff

Delio provides white labelled technology to financial institutions to enable them to securely connect their clients with private market investments.

Enforcd – London

A real-time register of compliance that enables users to check company and employee compliance against updated regulatory standards. Enforcd covers multiple jurisdictions.

Fiskl – London

A mobile-first, automated SaaS solution for small businesses of 1 – 10 employees that allows them to manage their daily finances from anywhere (iOS, Android and web). It offers a mix of daily financial management, productivity and staff management tools as well as relevant integrations.

Float – Edinburgh

Provides cash flow forecasts to businesses using Xero, Quickbooks Online or FreeAgent. Float can give a ‘real’ picture of where a business is going in the short to medium term.

Colin Hewitt, CEO, said:

“There is always so much value to be had from peer learning, and building relationships with other founders that will last. Adding into that the mentorship, and experience from industry leaders, made the programme difficult to resist!”

Funding Options – London

A one-stop-shop for SME finance solutions, Funding Options is a comparative marketplace giving information and access to known and alternative finance lenders.

Conrad Ford, CEO, said:

“After three years of exponential growth at Funding Options, somewhere along the way we transitioned from start-up to scale-up! The Tech Nation Fintech programme gives our leadership team a brilliant opportunity to take stock of the business we want to be, and to lay strong foundations for our international plans.”

LOQBOX Savings – Bristol

LOQBOX is a credit history tool that allows users to repair their credit history while saving. Users commit to save between £20 – £500 per month for a year. After that period the cash is converted into a new savings account with a partner bank.

Tom Eyre, CEO, said:

“Having been involved with the FinTech For All competition previously, we knew the standard of this Tech Nation programme would be high.  As an early stage business the opportunity to meet like minded people, engage with those who have been there and done it before and seek guidance and help from individuals within our potential partner organisations was too good to miss. There are so many challenges for a start up and it’s easy to forget that once you’re established there are still challenges when it comes to achieving high speed growth.  Partnerships are a rich source of growth for us so a programme focused on helping us to achieve this has come at the right moment.”

Maxatta – London

Maxatta is automating trading desks, through Artificial Intelligence and robot process automation, so that traders can focus on risk management and trading opportunities.

MishiPay – London

MishiPay is an app that allows retailers to let shoppers scan, pay and leave with their goods without having to queue.

SteelEye – London

SteelEye is a regulatory compliance technology and data analytics firm that offers transaction reporting, record keeping, trade reconstruction, best execution and data insight in one comprehensive solution.

Sustainably – Edinburgh

Micro-payments platform for charity donations. Sustainably rounds up customer’s cashless transactions and donates their spare change to causes they care about automatically every time they shop.

Tail Offers – London

Tail uses open banking data to improve and inform consumer choices. As soon as a customer uses the Tail app to claim a discount, their bank informs Tail of the transaction in order to seamlessly provide instant cashback.

TAINA Technology – London

Automating regulatory compliance for financial institutions, Taina’s software removes the need for manual effort and multiple systems, leading to lower costs.

Thyngs – Norwich

Thyngs is creating software solutions to connect the physical and digital world, such as cashless donations through mobile apps, connected payments and customer loyalty solutions.

TransFICC – London

TransFICC is an etrading technology company providing solutions for the fixed income and derivatives markets.

* Source: data as of 31 August 2018. $19.0 billion includes $1.4 billion in venture capital investment (including investments in Greensill, Revolut, Atom Bank, Zopa) which is more double the amount of any other European country, plus $17.6 billion in acquisitions including the $12.9 billion acquisition of WorldPay by Vantiv.