Glint is a stealthy London fintech startup that promises to turn gold into a new global currency

Glint , a sneaky London fintech start-up that guarantees a brand-new worldwide currency, has actually raised 3.1 million from a variety of private backers in the monetary services and property management area, together with early-stage financier Bray Capital.

They consist of Haruko Fukuda, previous CEO of the World Gold Council and NED of Investec Bank; Oliver Bolitho, previously Chairman of Goldman Sachs Asset Management Asia; Hugh Sloane, co-founder of property supervisor Sloane Robinson; and Lord Flight Of Worcester, previously of Guinness Flight Global Asset Management.

The Glint site explains the start-up as a brand-new international currency, account and app and states it will make your loan independent and trusted and offer you more control in the method you save, invest, exchange and move cash. If that all sounds a bit unclear
aside from mentioning a brand-new (and more) steady currency connected to a payments app its most likely planned to be. The business isn’t really pegged to introduce up until the last quarter of this year.

However, I comprehend that Glint will provide a smooth method to both shop and invest your cash in gold, consisting of at the point of sale, similar to a routine regional currency. The larger photo is that gold traditionally has actually been a much better storage of worth than any government-created currency, and for that reason with the help of innovation is (perhaps) a great prospect for an alternative worldwide currency. The start-up has actually currently been authorised and is controlled by the U.K.s FCA, under, probably, an Electronic Money Institution license.

Meanwhile, Glints creators both understand a thing or 2 about gold.

CEO Jason Cozens co-founded, a site that assists customers purchase and offer physical gold and have it saved firmly or provided. He likewise formerly established 2 other business: Visuality where he is stated to have actually originated Virtual Reality, e-commerce and internet marketing, offering to ERP software application business McGuffie Brunton and Bite, a digital marketing company.

Glint COO Ben Davies is stated to have more than 17 years experience within global monetary and product markets. He was the previous head of trading at RBS Greenwich, and co-founded Hinde Capital in 2007, an alternative financial investment management business specialising in rare-earth elements.