# Gold-based fintech Glint smashes crowdfunding target securing over £3m ($4m) – 151% of target raised as Seedrs fundraising closes in UK Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-07-30 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Invest in Glint: Open Crowdfunding for US Investors Meta Description: Join over 1,100 investors in Glint's gold-based payments revolution. Secure 7.81% equity in this £35.9m valued company. Invest in Glint on Republic URL: https://financedigest.com/gold-based-fintech-glint-smashes-crowdfunding-target-securing-over-3m-4m-151-of-target-raised-as-seedrs-fundraising-closes-in-ukhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/dm032420160289-1736838100968-compressed.jpg) - **Crowdfunding is still open to US investors via the Republic platform** - **Almost 1,200 investors join Glint’s payments revolution as consumer appetite for alternatives to fiat currencies grows** - **Follows recent 32% growth in client numbers during 2021** Glint, the global gold-based payments system that allows clients to instantly and securely save, [spend and share](https://www.financedigest.com/cisco-forecast-raise-allays-tech-spending-fears-lifts-shares.html "Cisco forecast raise allays tech spending fears, lifts shares") real gold, has successfully raised over £3m ($4m) through its joint US/UK crowdfunding round – smashing its initial target by 51%. The campaign aimed to raise £2m, but funding closed having [raised 151% of this target with 1,190 investors](https://www.financedigest.com/boe-raises-rates-again-as-investors-look-towards-end-of-hikes.html "BoE raises rates again as investors look towards end of hikes"). Crowdfunding investors have secured 7.81% [equity with Glint valued](https://www.financedigest.com/procurementin-european-private-equity-investment-adding-value-to-the-boardroom.html "Procurement in European private equity investment – adding value to the boardroom.") at £35.9m. Glint’s crowdfunding round was the first joint fundraising campaign across the Seedrs and [Republic platforms](https://www.financedigest.com/fiat-republic-the-specialist-baas-platform-that-bridges-the-gap-between-web3-and-traditional-banks-announces-it-has-become-an-electronic-money-institution-emi-in-the-uk.html "Fiat Republic, the specialist BaaS platform that bridges the gap between web3 and traditional banks, announces it has become an Electronic Money Institution (EMI) in the UK.") in the UK and US. Whilst fundraising through [Seedrs](https://glintpay.us7.list-manage.com/track/click?u=3c72b8b72f208677136dee3a5&id=910c8996ed&e=3f6f9cbd07) (open to investors in the UK and rest of the world) has closed, accredited US investors can still invest via [Republic](https://glintpay.us7.list-manage.com/track/click?u=3c72b8b72f208677136dee3a5&id=3bbdca1291&e=3f6f9cbd07) in the US. Glint explains that the [successful crowdfunding demonstrates consumer](https://www.financedigest.com/what-successful-accounting-looks-like-in-the-age-of-the-consumer.html "What successful accounting looks like in the age of the consumer") appetite for alternatives to fiat currencies. Currently, the value of fiat currencies erodes over [time due to factors including rising inflation](https://www.financedigest.com/love-in-a-time-of-inflation-how-much-will-valentines-day-set-you-back.html "Love in a time of inflation: how much will Valentine’s Day set you back?"), lower interest rates, continued quantitative easing and record levels of government borrowing and debt. This desire for [alternatives to fiat currencies has driven the rising](https://www.financedigest.com/the-rise-of-cardboard-packaging-alternatives.html "The Rise of Cardboard Packaging Alternatives") popularity of cryptocurrencies as well as gold as money. The amount raised through this crowdfunding round will enable further key strategic hires, growth marketing, product innovation and the development of new [revenue streams such as the potential to facilitate gold purchases with](https://www.financedigest.com/russian-gold-miner-polymetals-q3-revenue-down-13-y-y.html "Russian gold miner Polymetal’s Q3 revenue down 13% y/y") Bitcoin, the enabling of corporate accounts, adding more currencies and products, like savings accounts. Glint has enjoyed rapid growth over the last six months, with a 32% [increase in new clients looking to spend and save](https://www.financedigest.com/christmas-saved-for-expats-flights-frequency-to-increase-by-256.html "Christmas saved for expats: Flights frequency to increase by 256%") gold – hitting 82,900 clients in June, up from 62,900 at the start of the year. **Jason Cozens, Founder & CEO of Glint, says:** _“The response from private [investors has been overwhelming and reiterated the necessity of our mission to digitise gold and](https://www.financedigest.com/gold-investors-face-bind-over-bars-from-tarnished-russia.html "Gold investors face bind over bars from tarnished Russia") to provide an alternative to fiat currencies. [Securing this additional funding](https://www.financedigest.com/hungary-pledges-legal-changes-to-secure-eu-recovery-funding-govt.html "Hungary pledges legal changes to secure EU recovery funding – govt") is a huge milestone allowing Glint to take the next steps in our development and growth to once again position gold as the global currency.”_ _“Our investors [believe that gold occupies a unique position](https://www.financedigest.com/what-brexit-blues-new-research-reveals-over-half-of-businesses-in-the-financial-sector-believe-brexit-will-have-a-long-term-positive-impact.html "What Brexit blues? New research reveals over half of businesses in the financial sector believe Brexit will have a long-term positive impact") as the most viable alternative to government issued currencies. Currently, the monetary system punishes consumers and savers as the value of paper money erodes over time due to factors including low [interest rates](https://www.financedigest.com/ecbs-centeno-says-interest-rate-close-to-peaking-if-no-new-shocks.html "ECB’s Centeno says interest rate close to peaking if no new shocks"), the continuation of quantitative easing and the huge levels of government debt and borrowing – which has soared in response to the Covid-19 pandemic. Soaring global inflation is arguably the biggest [crisis facing our cash](https://www.financedigest.com/europe-burns-cash-to-help-businesses-in-deepening-energy-crisis.html "Europe burns cash to help businesses in deepening energy crisis") and savings.”_ _“In the US, inflation is currently at 5%, its highest level since the financial crisis; whilst in the UK, the Bank of England’s 2% [target for 2021 has already been surpassed and there are warnings that inflation](https://www.financedigest.com/the-mouse-that-roared-new-zealand-and-the-worlds-2-inflation-target.html "The mouse that roared: New Zealand and the world’s 2% inflation target") will exceed 3% by the end of the year. There’s also huge global concern around the 9% spike in production [prices in China as it may be a matter of time before these costs are passed on to the consumer](https://www.financedigest.com/analysis-to-raise-prices-or-not-consumer-goods-makers-weigh-bets-on-buyer-strength.html "Analysis-To raise prices or not? Consumer goods makers weigh bets on buyer strength"). In this period of high inflation, a hedge is vital; for many, gold [remains the ultimate long-term store of value](https://www.financedigest.com/phenolic-resins-market-is-expected-to-remain-steady-and-grow-with-a-cagr-value-of-4-in-the-forecast-period.html "Phenolic Resins Market is expected to remain steady and grow with a CAGR value of ~4% in the forecast period") and has proven itself over millennia. After all, this is the main reason it is held by [central banks](https://www.financedigest.com/governments-and-central-banks-risk-inflation-bank-of-england-has-done-its-bit-now-the-politicians-turn.html "Governments and central banks risk inflation, Bank of England has done its bit, now the politicians’ turn"). Whilst [gold can decline](https://www.financedigest.com/stocks-tread-water-as-gold-oil-declines-spook-sentiment.html "Stocks tread water as gold, oil declines spook sentiment") in value, many believe its purchasing power is less prone to erode over time.”_ _“Through Glint it is now possible to use gold in electronic payments; gold is no [longer simply a store of value, it is also a viable means](https://www.financedigest.com/why-fundraising-no-longer-means-kissing-a-lot-of-frogs.html "Why fundraising no longer means kissing a lot of frogs") of everyday exchange. Glint launched to democratise gold and once again enable it to be used as money, affording [everyone an equal](https://www.financedigest.com/business-leaders-flexibility-for-everyone-contributes-to-gender-equality-in-the-workplace-without-affecting-your-bottom-line.html "Business leaders: flexibility for everyone contributes to gender equality in the workplace, without affecting your bottom line") opportunity to prosper. This crowdfunding round has expanded our community of advocates, who all desire a [return to sound money that is independent of the banking](https://www.financedigest.com/ogrady-to-return-to-bank-of-ireland-as-ceo-irish-times.html "O’Grady to return to Bank of Ireland as CEO – Irish Times") system. Through Glint’s technology allowing gold to be [traded via our app and our card that enables gold and other currencies](https://www.financedigest.com/currency-trading-in-a-spin-after-polish-explosion.html "Currency trading in a spin after Polish explosion") to be spent anywhere in the world that accepts Mastercard, we’re unlocking access to gold as a trusted global currency that can be used on an everyday basis for the first time in centuries.”_ Those who invested in this crowdfunding [round will join existing shareholders include institutional investors](https://www.financedigest.com/optable-closes-20-million-series-a-financing-broadens-investor-syndicate-in-new-round.html "Optable Closes Million Series A Financing, Broadens Investor Syndicate in New Round") such as Sprott Asset Management, The Tokyo Commodity Exchange (TOCOM), NEC Capital Solutions, Bray Capital and accredited High Net Worth individuals. In total, Glint has [raised over £20m since launch](https://www.financedigest.com/just-eat-takeaway-raises-2023-guidance-launches-buyback.html "Just Eat Takeaway raises 2023 guidance, launches buyback"). --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---