One of Wales' leading fintech firms, Delio Wealth, is expanding into Swansea.
As part of the expansion, Delio will take on a number of staff from Finnish digitalisation specialist Gofore, which recently announced the closure of its Swansea operation.
The recruitment drive will see Delio initially creating 15 new jobs in Swansea over the next few months, but with potential for further expansion.
It is currently looking at a number of property locations for its new Swansea office.
The firm recently confirmed a new larger headquarters in Cardiff. Last year it was boosted after securing a £3.3m equity investment to support its global scale-up plans.
Its expansion in Swansea will take its workforce to 65.
Delio creates white-label private market technology platforms for financial institutions.
Since its creation in 2015, it has gone from strength to strength, trebling its customer base in just 15 months, working with the likes of Barclays, ING, Coutts and the newly formed 海角视频 Fintech Alliance.
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The fintech sector is worth an estimated £8.2bn to the Welsh economy, employing more than 44,000 people.
Delio's chief executive Gareth Lewis said: “At Delio, we remain proud of our Welsh origins, and are committed to investing in Wales and its talent.
"It is time for stakeholders to recognise that the core of a vibrant entrepreneurial ecosystem in Wales needs to start from within - we all need to contribute to creating the momentum around homegrown success stories that will generate broader benefits for this country.
“This means as much support as possible needs to be focused on companies that are proud of their roots and engrained in their local communities, rather than those locating here to benefit for the short-term.
"In return, we hope the best local talent will want to embrace the exciting opportunities made available to them by companies like Delio.
“With the opening of an additional hub in Swansea, we are expanding our presence across South Wales and creating a place where the country’s brightest tech talent can thrive.
"A few years ago, many young Welsh people would leave to start their career within the tech sector elsewhere.
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"However, as the fintech sector in Wales continues to flourish, it is fair to say that the time of having to look elsewhere for high-quality opportunities is a thing of the past.”
Leader of Swansea Council, Rob Stewart, said: “I am delighted that Delio have chosen Swansea as the location for their new office.
“Delio have recognised the fact that we have a pool of local talent who can add value to their high-tech business and I know they have plans to further expand in the area.
“We’re working hard through our £1bn-plus regeneration programme to create the right environment for tech businesses to start, thrive and grow in Swansea.”