Glint Pay Reportedly Secures £2.5 Million By way of Newest Funding Spherical

Glint Pay Inc. (Glint), a subsidiary of the U.Ok.-based fintech firm that makes gold an alternate world forex by enabling its purchasers to purchase, promote, save and spend their bodily gold immediately via the Glint Debit Mastercard and Glint App, reportedly secured £2.5 million via its newest funding spherical.

As beforehand reported, Glint was based in 2015 and is on a mission to reintroduce gold as cash into the worldwide funds system. In 2018, the fintech launched its cellular app and Mastercard to permit customers to purchase, retailer, and spend bodily gold alongside nationwide currencies and in addition constructed a proprietary expertise platform offering real-time gold funds and multi-currency wallets with scalability in thoughts. Glint raised greater than £2.1 million via its Crowdcube funding spherical in 2017. 

Jason Cozens, Founder and CEO of Glint, beforehand spoke in regards to the firm’s growth:

“Our mission is to deliver a dependable gold forex to the fingertips of everybody on the earth. We’re excited to introduce Glint to the U.S. market and proceed our regular development in direction of democratizing gold. Welcome to cash’s new commonplace. Gold has a vital historic position as cash, and we see it defining a future whereby folks can take management over their very own earnings streams and never depart them to the mercies of banks. Because the world inexorably strikes to being cashless, Glint supplies the right future-proofed answer to 24/7 globalized dwelling.”

Talking in regards to the funding, Cozens reportedly shared with UK Investor Journal:

“This newest funding is one other important step in direction of fulfilling our development plans. We got down to remodel the trade and the quantity of funding we’ve secured since launch proves that there’s actual urge for food amongst buyers and shoppers for an progressive various to spend, save and retailer their funds. After final yr’s enlargement into the US and the launch of our P2P providing, Glint It!, we’re desirous to deal with the following stage of our development and meet our formidable targets over the following 12 months. Further funding will assist to facilitate this, however it’s our various and distinctive management staff that gives us with a transparent, aggressive edge.”

Cozens then added that the funding will speed up the corporate’s worldwide enlargement in addition to appeal to extra future funding sources, from each throughout the UK and externally.