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FinTech in Wales
How Deloitte is supporting the fast growth of FinTech in Wales
With the fast-growing Fintech ecosystem in Wales, we are working to connect these organisations with the advice and support they need to succeed at every stage of their business journey.
At Deloitte, we’re active and passionate members of the FinTech ecosystem. We help incumbents to adapt, start-ups to grow, policy makers to develop FinTech hubs and investors to seize the next opportunity, while also creating ways for FinTech to benefit society.
Deloitte took a pivotal role in the first comprehensive grassroots analysis of UK FinTech activity. Our data-led view of the UK FinTech landscape, analysing FinTech locations, FinTech growth patterns, their strengths, the driving forces behind them and why some areas are better at producing more growth that others, contributed to the national connectivity chapter in the Kalifa Review of UK FinTech, published in March 2021.
The Kalifa review identified Wales as one of the key emerging clusters.
The review discovered that the majority of FinTech activity in Wales is based in and around Cardiff where there has been an average 8% yearly growth in the number of FinTechs for the past ten years. Below are some key stats identified.
Read more about our Kalifa report, focused on Wales here.
What we offer
Deloitte is about connection. Between humans. Between ecosystem players. More than just an employer in the region, our people walk with a local heartbeat and work to a global scale. We connect with local government and other leading stakeholders on evaluating FinTech opportunities nationally and locally. Our location and scale allow us to truly make an impact that matters.
How we are supporting FinTech in Wales
Our services
Up, upside and away
The Upside program builds internal operational excellence to ensure your innovation and transformation investments are positioning your business for long-term outcomes while creating wins, internal buy-in and skill development along the way. Find out more here.
FinTech advisory
FinTech is changing the financial services landscape. As the leading advisors to the financial services industry and an active member of the start-up ecosystem, Deloitte is committed to helping financial institutions to adapt to, and benefit from, the innovations and opportunities which FinTech offers. Find out more here.
Emerging growth
Deloitte Private’s Emerging Growth Companies team combines the necessary advisory expertise with bespoke solutions designed specifically for innovative business which are growing fast. Find out more here.
The Blockchain practice
Imagine a shared computer accessible to anyone, a single source of truth within which to store events, ownership, and activities, and to execute workflow involving multiple parties without the use of separate systems and databases – and with no reconciliation required. Find out more here.
Deloitte Propel
Deloitte Propel provides accountancy services and implements financial technology solutions for start-ups starting services starting from £10 a month. Find out more here.
M&A and equity fundraising
The Deloitte Advisory Corporate Finance (“ACF”) team supports businesses across the full spectrum and variety of transactions which include:
- Early-stage and growth-stage equity fundraising from VCs, PE and strategics
- Full disposals to financial investors and strategics
- As well as providing acquisition advice to financial investors and corporates
The FinTech M&A team is led nationally by Angelina Kuznetsova and supported locally across the South West and Wales by Ashley Rogers
FinTech Audit
We have a dedicated FinTech audit team that specialises in start-ups as well a larger, more established companies. If you want to submit and RFP please email David Rozier.
Recommendations
The FinTech Strategic Review (Kalifa Review)
Deloitte takes a pivotal role in the first comprehensive grassroots analysis of UK FinTech activity.
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