UK fintech Glint announced on Friday it has decided to extend its equity crowdfunding campaign on Crowdcube. The extension news comes just after the funding round secured more than from £1.6 million from nearly 1,000 investors.
As previously reported, Glint is on a mission to reintroduce gold as money into the global payments system. The company released its mobile app and Mastercard to allow users to buy, store, and spend physical gold alongside national currencies. Glint also stated it has built a proprietary technology platform providing real-time gold payments and multi-currency wallets with scalability in mind.
“Inflation is rising, cost of living increasing and return on cash savings decreasing – so what are our choices? Gold. Gold has maintained its purchasing power for millennia whilst the value of paper money continuously erodes. Gold offers protection of purchasing power in a way that cash doesn’t. The challenge – we live in a digital world.”
The company recently released its Android app and started rolling out multiple additional currencies with EUR and USD giving clients. Speaking about the campaign’s extension, Glint stated:
“Due to popular demand, we have extended our Crowdcube funding round until August 30th, giving you more time to be a part of the future of changing the way people perceive money.”
Funds from the Crowdcube campaign, which is part of Glint new Series A funding round, will be used to continue the company’s growth and expansion. The initiative is now set to close on August 30th.
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