Fintech that aims to help create “a more stable global economy” raises £3.1m
London-based Glint, who will fully launch in Q4 2017, want to turn gold into the "‘new global currency"
Glint, a London-based fintech that will launch a “new global currency” in Q4 2017, has raised £3.1m in a funding round which included Bray Capital and a string of high profile investors.
Haruko Fukuda, former CEO of the World Gold Council and NED of Investec Bank; Oliver Bolitho, formerly Chairman of Goldman Sachs Asset Management Asia; Hugh Sloane, co-founder of asset manager Sloane Robinson; and Lord Flight Of Worcester, formerly of Guinness Flight Global Asset Management all backed the business, which hopes to help create “a more stable global economy.”
Described on its own website as a “new global currency, account and app”, its suggested that Glint will offers users an easy way to both store and spend money in gold, much like regular cash.
Founded by Jason Cozens and Ben Davies, the duo have worked within the gold sector for a combined total of over four decades.
Cozens has 20 years' experience within the ecommerce tech and digital marketing sectors – and is the founder of digital agencies Visuality and Bite, as well as online gold bullion dealer GoldMadeSimple.com.
Whereas Davies was previously head of trading at RBS Greenwich and co-founder of Hinde Capital – an alternative fund management company in equity and precious metals.
Glint's website reads:
“At a time of extraordinary monetary policy and when trust in currencies, banks and existing payment systems has been eroded, Glint helps us move to a more stable global economy.
“A new global currency, account and app, Glint is a timely innovation with immediate and reliable application.
“A game changer, it brings you money that is reliable and independent and gives you more control in the way you store, spend, exchange and transfer money.”