iAltA Holdings Acquires Cardiff-Based Fintech Delio

Cardiff-based fintech Delio has been acquired by iAltA Holdings, the WestCap-backed private markets infrastructure company.

Announced on 26 February 2026, the acquisition brings Delio – a Fintech Wales member and leading provider of white-label operating systems for private markets distribution and reporting – into iAltA’s growing private markets vertical.

iAltA stated that the acquisition strengthens its ability to address systemic challenges across the private markets landscape for general partners and distributors.

Expanding Private Markets Infrastructure

Delio provides operating systems and investment structures that enable asset managers, wealth firms and other distributors to digitise, distribute and report on private market products. Its Delio Core OS leverages configurable, low-code tools and modules designed to streamline the technologies and workflows required to deliver digital client experiences within alternative investing.

“We founded iAltA because we saw a tremendous market need to solve systemic issues within the private market landscape for general partners and distributors,” said Scott Ganeles, Chief Executive Officer and Founding Partner of iAltA. “Delio has emerged as a digital infrastructure provider of choice for financial institutions seeking to integrate alternatives into their offerings while maintaining control over client experience.”

Delio is trusted by more than 50 global financial institutions across 18 regulatory jurisdictions and supports more than 12,000 end clients worldwide.

“Private markets have seen tremendous growth over the past few years, but the infrastructure has not kept up the demand for access and offerings,” said Gareth Lewis, Founder and Co-Chief Executive Officer of Delio. “iAltA is our ideal partner since both our organizations were founded on the principle that the markets need more seamless and effective solutions to meet the challenges of demand. This partnership will increase both our reach and our impact.”

Strategic Growth for iAltA

The Delio acquisition is the third within iAltA’s Private Markets vertical. In 2025, iAltA acquired Verivend and Betterfront. Earlier this year, iAltA also announced that its wealth-focused vertical acquired BridgeFT.

Launched in 2025 by founding partners Scott Ganeles, Bill Sherman, Bill Crager and Laurence Tosi, iAltA operates a holding structure that combines shared capabilities with foundational technologies and strategic partnerships. Each subsidiary operates independently while contributing to a broader unified digital ecosystem.

A Welsh Fintech Success Story

Delio, headquartered in Cardiff, has become a leading infrastructure provider within global private markets. Its inclusion within iAltA marks a significant milestone for the Welsh fintech ecosystem, reinforcing Wales’ role in delivering scalable, digital infrastructure to financial institutions worldwide.

Original LinkedIn announcement:
Delio LinkedIn announcement

About iAltA

iAltA is a private markets infrastructure company founded by industry leaders who believe in solving systemic challenges with operator-caliber precision. Incubated and backed by WestCap, iAltA builds platforms that unify fragmented workflows, elevate transparency, and empower market participants throughout the investment lifecycle. Visit www.ialta.com.

About Delio

Delio empowers financial institutions and investment firms to maintain full control of their alternative investment capabilities through its white-label, AI-powered operating system, Delio Core OS. Combining configurable, low-code tools with a collaborative, non-conflicted approach, Delio enables firms to streamline compliant, scalable workflows across aggregation, structuring, distribution, administration and reporting – all while delivering a seamless user experience for their clients.