Glint Pay, which offers a gold as a currency service, has raised £2.5mn funding.
Glint allows users to buy, sell and spend physical gold.
It has also just launched a peer-to-peer transfer option called Glint It!
Half the funding was raised through private investment and half was matched by the government’s Future Fund.
What does this mean?
Glint Pay’s fundraising follows a successful crowdfunding campaign in 2018, and brings Glint Pay’s total funding raised to £24mn. It plans to grow to 138,000 users over the coming year.