The seed round features backing from Saul Milton and Mark Wilkinson to support European expansion.
"Since medicinal cannabis was legalised five years ago, patients have continued to struggle to obtain quality products through the legal market. Not only is the calibre often very hit and miss, there are also only a handful of strains to choose from; which don’t suit everyone. However, access to this medication is life changing and essential to over a million people in the UK today. By opening equity and a seat at the table to the community, GLO is truly democratising a space that was unreachable for many."
The company has closed its first funding round with backing from three experienced fintech investors.
"The exciting thing for any business is when they have the ability to enable large scale disruptive change to global multi trillion dollar markets. There are few occasions that these types of investment opportunities occur, fumopay is one of them."
The seed round was led by IQ Capital with participation from Type One and Creator Fund.
"We are excited about the opportunity which the investment will provide for Signaloid to accelerate the adoption of our platform. The investment will allow us to further strengthen the team in strategic areas and to scale the number of use cases of our platform, from the hundreds of signed-up users we have on our developer platform today, to a larger number of production deployments of our cloud-based and edge-hardware compute engine, by our customers."
Love Ventures and Portfolio Ventures contributed to the seed round to support product development.
"it's crazy that there's been no single source of instant employment and income data verification until now. This is especially pressing given the huge variety and volume of companies crying out for this crucial data validation when helping customers take on life's big events; whether it's getting a job, house, credit, or anything in between. We believe there's no one better positioned to build this upstream aggregation platform than Chris and the exceptional team he's assembled at Konfir."
