Delio joins Dubai accelerator in UK FinTech first
Written by Anthony Strzalek
Welsh FinTech outfit Delio is the only UK firm to have been accepted onto a financial services accelerator programme in Dubai.
The accelerator, launched in collaboration with Accenture and FinTech Hive at The Dubai International Financial Centre (DIFC) consists of a 12-week curriculum in which the 11 finalists will work closely with financial institutions and other stakeholders to create solutions to “address the evolving needs of the region’s financial services industry”.
Delio - which helps financial institutions connect private asset investments with high net worth capital through interlinked white-label platforms - is the only successful UK FinTech to make it onto the programme.
Several criteria were used to evaluate finalists, including the level of business maturity, the potential to thrive in the FinTech Hive at DIFC and degree of fit with the partnering financial institutions.
The 11 candidates selected to take part in the accelerator include FinTech firms from Azerbaijan, the USA, Dubai, India, Jordan, Singapore, Sweden and the UK.
Sushil Saluja, senior managing director of financial services in Europe, Africa, Middle East and Latin America at Accenture, said: “The exceptional quality of the proposals we received holds great promise for the future of FinTech in the UAE and the region. As FinTech continues to be a gamechanger for the financial services industry, nurturing innovative talent is a fundamental priority because of the immense benefits it brings to the economy and society.”
CEO of Delio, Gareth Lewis, added: “Being the only UK FinTech to make it onto the programme is a huge validation of the Delio solution and the role we can play in helping institutions connect private investors with investment opportunities across borders.
“Currently 50 per cent of Delio’s income comes from export sales and there are huge opportunities for us in the United Arab Emirates. We are looking forward to taking part in the programme and pushing further forward with our growth strategy in the region.”