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Category: Innovation

Japan’s leading institutions back Global Currency as Glint raises another £3 million

Glint has announced the closure of its second funding round, securing another £3 million of investment and the support of NEC and the Tokyo Commo...

5 November 2017

Glint

Glint has announced the closure of its second funding round, securing another £3 million of investment and the support of NEC and the Tokyo Commodities Exchange

Less than 12 months after closing a first fundraise, London based fintech start-up, Glint, has completed a second funding round, securing another £3 million in investment. The funds raised will be used to roll out Glint’s global currency account, Mastercard and smartphone app. Founder and CEO, Jason Cozens, commented on securing another multi-million pound mandate: “The interest in Glint has been remarkable and the second fundraise, so quickly after the first, is a testament to the advances we have made this year.”

This round sees Glint secure investment from two blue-chip Japanese institutions: NEC Capital Solutions and the Tokyo Commodity Exchange (TOCOM). NEC Capital Solutions is an affiliated company of the NEC Corporation, a leader in the integration of IT and network technologies. NEC Capital Solutions has invested in Glint through its venture fund, run in co-operation with Venture Labo Investment. The Tokyo Commodity Exchange (TOCOM) is Japan’s largest commodity exchange and among Asia’s most prominent.

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NEC Capital Solutions and TOCOM join a number of high-profile individuals already invested in facilitating the global currency. These include Haruko Fukuda, former CEO of the World Gold Council and non-executive director 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. Bray Capital, the eclectic venture capital group specialising in start-ups and growing businesses, has also invested in Glint.

“We would like to thank our founding investors and those who have joined in this second round for their support. We approach our launch with great confidence that our innovative app-based platform will transform users’ approach to money, be it to store, exchange, send or spend it,” said Cozens, who founded Glint and teamed up with co-founder Ben Davies to build the company. Cozens enjoyed a successful career pioneering the use of virtual reality, e-commerce and online marketing, while Davies is known in the commodities sector as a global authority on metals, with 21 years’ experience, including 10 as the CEO of Hinde Capital setting up the world’s first gold hedge fund in 2007.

Following this latest round of investment, Glint is scheduled to announce full details of its product and launch in Q4 of 2017.

The Glint BETA is now open for pre-registrations on the website at www.glintpay.com

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