FinTech Innovation Lab New York select Delio for its 2021 cohort

FinTech Innovation Lab New York select Delio for its 2021 cohort

7th April 2021
  • Cardiff-based fintech Delio is among ten companies selected to take part in this year’s FinTech Innovation Lab New York.
  • Alumni of the prestigious programme have gone on to raise $1.4bn in investment.

Delio is going to be one of ten organisations to participate in the 2021 FinTech Innovation Lab New York. Based on interest, Delio was selected from among 200 applicants by the Lab’s 44 participating financial firms and will join this year’s cohort of companies in the renowned 12-week programme.

Co-founded by the Partnership Fund for New York City and consulting giant Accenture, the FinTech Innovation Lab New York aims to redefine the future of financial services through digital transformation. Since its launch in 2010, the early to growth-stage tech companies that have been chosen to participate in the accelerator programme have raised over $1.4bn in investment and created over 1,200 jobs across the United States.

As part of this year’s programme, Delio will work alongside senior executives from North America’s most notable financial institutions to refine their technology and propositions for the US market, many of whom were actively involved in the selection process for this year’s cohort.

Gareth Lewis, Delio’s co-founder and chief executive, said:

“We are honoured to be part of this year’s FinTech Innovation Lab New York. The opportunity to join a select group of fintechs and work in close partnership with these prestigious financial institutions is testimony to Delio’s growing reputation in the sector. The insight we will be able to gain from the programme’s mentors will play a pivotal role in shaping our expansion across North America.”

The Fintech Innovation Lab is a global initiative, with programmes running in London, New York and Asia Pacific. Previous editions of the programme have played a vital role in accelerating the growth of some of the world’s most innovative fintechs. Eighteen alumni firms have been acquired after their participation, while others have gone on to cumulatively raise more than $1.4bn in investment.

Gareth Lewis added:

“Delio has enjoyed rapid international growth over the last few years, with our client base now spread across 18 countries. However, North America is such a big market and, as a result, presents a significant commercial opportunity for us. The New York Lab will play a key role in our expansion plans and I can’t wait to get started.”