Welsh fintech startups bid for funding at London event

Source: Innovation Point

Two fintech startups are among the group of 7 diverse tech businesses from Wales bidding for investment at London’s Digital Catapult Centre next month (October 13 2016).

Wealthify, with Fintech that ‘democratises investing’ and Delio, which provides solutions to some of the world's leading financial institutions will join an app that aims to save lives, and software that reduces the time healthcare professionals spend on paperwork as just some of the services on show from a host of innovative start-ups from Wales

The trade mission has been organised by Innovation Point, the company at the cutting edge of Welsh technology, driving forward new opportunities and focussing on creating strong relationships with both new and proven digital innovation companies.

Already the home of online giants Confused, GoCompare and MoneySupermarket, Wales has a fast-growing community of innovators working to cement the nation’s place on the digital map. The UK’s most recent Tech Nation report found that the digital sector is worth £600m to the Welsh economy, employing over 43,000 people. Together Swansea and Cardiff form one of the UK’s top 10 clusters in terms of digital salary growth (average of £42,926 for advertised roles, up 21% between 2012-15) and GVA growth (94% from 2010-14)

However, access to funding was cited as an issue for 48% of technology companies in the region, a matter that this trade mission will tackle head-on. In order to rival other established digital hubs like London, the South-East and Bristol and Bath, Innovation Point plans to exhibit the talent that exists there, create more links between start-ups and potential partners, and encourage inward investment.

Organisers of the trade mission are now calling for investors to register to attend in order to hear from the impressive line-up and learn more about their business plans.

The impressive line-up of companies pitching for investment and growth includes:

• Delio: provides new investment platforms that connect high net worth clients with private market investment opportunities. Delio is working towards a connected private market: a series of platforms that will allow deal flow to be shared across institutions.
• Wealthify: an online investment service that uses technology and smart algorithms to democratise investing. The technology makes investing quick and intuitive, putting customers in the driving seat with 24/7 access to a dashboard, where they can see exactly how their plan is performing and which funds their money is invested in.

• Amplyfi: delivers business insights into market disruptions by reading and analysing all open Surface and Deep Web data. The technology uses military-grade artificial intelligence techniques to identify online trends, disruptions, or threats.
• DevOpsGuys: helps make organisations more agile, scalable and responsive by streamlining IT functions, and freeing companies from the burden of ‘technical debt.’
• Echosec: software that searches social media based on location and paints a picture of events in real-time as they unfold. Professionals can use this technology to gain valuable insight and actionable knowledge about real-time events, utilising it to generate leads and uncover new information for various investigations, and even save lives.
• Elidir Health: has developed ‘CHAI’ - an app which puts important information at the fingertips of nurses, meaning they spend less time filling in forms and more time with patients on the ward. The technology behind CHAI is highly transferable, meaning that it could be adapted for use in other industry sectors.
• Learnium: a social learning platform that enables students and teachers to connect, communicate and collaborate online, and aims to create a global learning network with people from all around the world connecting to learn.

David Warrender, Chief Executive of Innovation Point said: “Tech entrepreneurs tell us that they find access to funding and identifying partners difficult. Innovation Point is addressing this issue by supporting the best and brightest technology businesses and creating connections with the individuals and businesses who can nurture the game-changing technology coming out of Wales.

“The businesses joining us in London to pitch for investment are shining examples of the kind of disruptive, groundbreaking ideas Wales has to offer and we’re confident the event will be a rewarding one.”

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