de Novo Solutions Secures Seven-Figure HSBC UK Funding to Expand Finance Technology Offering

Newport-based finance and digital transformation specialist de Novo Solutions has secured a seven-figure funding package from HSBC UK to invest in its technology and intellectual property and support its next stage of expansion.

The company, which advanced to Enterprise membership with FinTech Wales in January 2025, helps organisations modernise finance, procurement, HR and payroll functions using Oracle Cloud and ServiceNow technology.

Its financial transformation capabilities include accounting, financial reporting, budgeting and predictive cash forecasting. These services support the modernisation of the systems organisations use to manage their finances, strengthening the company’s connection to Wales’ wider fintech ecosystem.

The funding will support further development of its industry cloud solutions and accelerate investment in artificial intelligence capabilities. de Novo is targeting 20 per cent year-on-year growth in revenue and customer numbers as it expands across existing markets in the UK and internationally.

Modernising Finance and Public Sector Systems

de Novo extends the Oracle Cloud and ServiceNow technology platforms to deliver industry cloud solutions for organisations across local and central government, policing and education. Its sector-specific solutions provide a reusable foundation for corporate functions, HR, payroll, finance and procurement.

The funding will support further development of its offering, including what the company describes as a first-of-its-kind blueprint for the Oracle platform for local government and policing.

Its local government blueprint, Odyssea® Local Government Association (OLGA), is currently being implemented at Cardiff Council as part of a programme to modernise the authority’s core systems.

Mark Sweeny, Founder and Executive Chairman at de Novo Solutions, said:

“Public sector organisations are under growing pressure to modernise essential systems while making budgets work harder, creating a clear need for technology that can deliver meaningful improvements quickly and at a sustainable cost.”

“This funding allows us to accelerate investment in our technology and bring new capabilities to market sooner and expand our customer base in the UK and internationally. HSBC UK understands our ambitions for the business and the importance of having strong partner here in Wales, making them a natural fit for our next stage of growth.”

Backing Welsh Technology Growth

Dafydd Roberts, Relationship Director at HSBC UK, said:

“Wales is home to a thriving technology sector, with ambitious businesses developing solutions that can compete on a national and international stage. The right funding can help companies build on that ambition by giving them the confidence to invest, innovate and expand. De Novo is a great example of a Welsh business with strong foundations and a clear vision for growth, and we’re pleased to support its next chapter.”

Headquartered in Newport, de Novo Solutions specialises in AI and digital transformation. The company has been recognised twice in the Sunday Times 100 and received a St David Award from the Welsh Government in January 2026 for its contribution to the Welsh economy.

Read the original funding announcement on Wales247 and explore de Novo’s Oracle Cloud finance and business transformation capabilities.