The firm was founded in the U.K. in 2015 and launched its app in Europe in February 2018.
London based gold-payments service Glint has joined the increasingly large group of UK firms taking on the US market with the launch of its services across the pond and the establishment of a US office.
Glint offers a payment card which is backed by physical gold. The company was founded in 2015 in a bid to reintroduce gold as a means of exchange in the digital realm. Its customers can hold a range of currencies which can be used to purchase gold through the app.
The firm has just completed a £5m funding round led by Sprott, an alternative asset manager with a focus on precious metal and real asset investments, with approximately $8bn in assets under management.
Glint ran into hot water at the beginning of the year, as exclusively reported by AltFi, with a flurry of senior departures leading it to delay its US expansion and shelving its crowdfunding campaign.
Now all seems to back on track for Glint.
“Our mission is to bring a reliable gold currency to the fingertips of everyone in the world,” said Jason Cozens, Founder and CEO of Glint. “We are excited to introduce Glint to the U.S. market and continue our steady growth towards democratizing gold. Welcome to money’s new standard.”
Glint’s U.S. office has a team of six people leading Operations, Compliance, Customer Service, Sales and Marketing.
To date, Glint says it has more than 50,000 app downloads, 10’s of thousands of registered users and more than USD $50 million in transacted volume.