The Welsh government is providing £200,000 of repayable business finance to Delio, which will facilitate the creation of 30 jobs in Cardiff and safeguard a further seven.

The funding is also expected help the business speed up its expansion plans.

Delio – which was founded by Gareth Lewis and David Newman in 2015 – creates private asset platforms for financial services institutions.

The company has developed a white label platform for financial institutions that helps to distribute deal flow and connects high-net-worth clients with global investment opportunities.

The company is currently in discussions with two major UK financial institutions regarding the rolling out of its offering across the banking groups.

Ken Skates, the economy secretary, said he was pleased that the Welsh government was supporting the company's expansion.

“Delio has already been noted for its high-growth potential and joins a growing number of emerging, smart Welsh companies that are clearly making their mark in this market,” he added.

Gareth said: “Our solution helps everyone – from family offices through to global banks – offer more to those seeking to invest directly in private equity, debt, real estate and other asset classes.

“It provides markets for a range of uses – platforms can connect together multiple institutions on an individual basis so deal flow can be shared both internally and with external partners.

“It cannot only be used to improve distribution to existing networks, but also to reach new investors and sources of deal flow by sharing opportunities with total control and flexibility."