Manchester’s FinTech landscape is set to be revitalised as Delio, a leader in financial technology, announces its strategic expansion to the city.
Backed by a £250,000 loan from the Greater Manchester Export Fund, Delio is poised to enhance its international services from the heart of Manchester.
Delio’s Strategic Expansion into Manchester
Delio, a prominent player in the FinTech sector, is marking its territory in Manchester with a new office launch, facilitated by a £250,000 loan from the Greater Manchester Export Fund (GMEF). This strategic move sees Delio joining the vibrant business ecosystem of Spinningfields, further enhancing its ability to service international clientele effectively. By September, the firm aims to establish a significant presence in the region, building on its existing offices in Cardiff, London, and Brussels.
Expanding the Workforce
The new Manchester office is set to create 20 additional jobs, underscoring Delio’s commitment to growth and innovation in the FinTech industry. This expansion aligns with Delio’s objective to tap into Manchester’s rich talent pool and bolster its capabilities in delivering high-quality financial services. As Delio’s Co-founder, David Newman, noted, the office will be pivotal in growing their export sales, which currently constitute 50% of their income, indicating a bright future for the company’s international aspirations. Delio’s investment in human capital is as crucial as its financial endeavours, ensuring a robust platform for future success.
Funding and Support from GMEF
The Greater Manchester Export Fund has been instrumental in supporting Delio’s ambition to become a global FinTech leader. By providing financial backing and facilitating international trade support, GMEF plays a crucial role in helping local enterprises expand their reach beyond the UK. Delio’s CEO, Gareth Lewis, emphasised the importance of Manchester’s fintech expertise and connectivity, making it an ideal location for expansion. This fund, operational from 2015 to 2017, has empowered small to medium enterprises in Greater Manchester, providing them with the necessary tools to secure and grow export contracts internationally.
Innovating Financial Connectivity
Delio uniquely connects financial institutions with high net worth investors through advanced white-label platforms, making capital investments more accessible. The company’s impressive clientele, including giants like ING and UK Business Angels Association, showcases its proven track record in delivering valuable financial solutions. Andy Nichols of Business Finance Solutions highlighted Delio as a paragon of ambition and growth; their innovative approach to financial services is setting new industry benchmarks.
Manchester: A FinTech Hub
Renowned for its deep fintech talent pool, Manchester offers Delio the resources needed to thrive. The city’s strategic location and dynamic environment provide an unmatched backdrop for fintech companies seeking growth. This move is not just beneficial for Delio but also positions Manchester as a burgeoning hub for digital innovation, further enhancing its reputation as a key player in the global fintech landscape. As Delio contributes to job creation and technological advancement, it simultaneously nurtures Manchester’s standing as a digital powerhouse.
The Role of International Markets
Delio’s expansion into Manchester is a calculated step towards capturing a wider international market, leveraging the city’s geographic advantage. Manchester’s connectivity to Europe, Australia, Asia, and the Middle East is pivotal to Delio’s strategy of strengthening ties with overseas clients. Such strategic positioning enhances Delio’s capability to deliver bespoke investment solutions to diverse markets. This strategic international outreach will undoubtedly fortify Delio’s position in the global marketplace.
Conclusion: A Promising Future
With Manchester as its new base, Delio is poised for a promising future in the fintech industry. The support from the Greater Manchester Export Fund and the city’s fintech ecosystem provides a solid foundation for Delio’s continued success and growth. As Delio drives innovation and job creation, it not only enhances its own future prospects but also contributes to Manchester’s evolution as a global fintech hub.
Delio’s expansion into Manchester signifies a significant development in the city’s fintech sector, promising growth and innovation.
Supported by local funding and talent, Delio is well-positioned to influence the financial technology landscape significantly.