Gold payments firm Glint Pay receives £5m funding
Glint Pay, a London-based company that enables the use of physical gold to make instant payments using a debit Mastercard, has received a private investment of £5 million.
The financing was led by Sprott, an alternative asset manager focused on precious metals and real asset investments, with approximately $8 billion in assets under management.
Sprott is joined by existing investors and new high net worth individuals in the US and Europe, who have participated to bring the total invested to £5 million.
Founded in the UK in 2016, Glint opened its app-based account in February 2018, giving clients in Europe a low-cost way to buy, sell and save physically allocated gold.
Jason Cozens, founder and CEO of Glint says: “This financing provides the company with the financial resources to launch in the USA and bring our gold-based debit card and personal gold standard to all US consumers.”
In July 2018, it added multiple currency wallets, including dollars, pounds and euros. The company is currently working on its launch into the US.
