The financing round was backed by a consortium of private investors and values the business at £35m.
"We are delighted to welcome these luminaries to our board. We have spent the past year refining our business model, technology and approach. It is a testament to the power and potential of our technology that we have attracted such high-calibre people to the board, and that our first fundraising round was oversubscribed, closing in record time."
Mount Fund led the investment, which values the legal tech company at £3m pre-money.
"We are at a pivotal moment in the application of technology to professional services and consumer solutions. This is just the beginning of the value AI can unlock, helping users achieve more with fewer resources."
Fuel Ventures led the pre-seed round, which will fund team expansion and product development.
"Foreign exchange has long been a black box. It is often complicated, expensive, and controlled by brokers or platforms that offer little transparency. We started Glyde to give users more control. Whether you are a freelancer billing in euros, a business paying overseas suppliers, or someone managing income across borders, you deserve a faster, clearer and more cost-effective solution. This funding gives us the momentum to deliver exactly that, at scale."
UBS led the funding round to support the development of the Icon Payments Framework.
"This investment reinforces our partnership with Icon and confirms our commitment to deliver faster to market, future-ready payment solutions for our clients. The collaboration helps us drive innovation at scale and enhances our capabilities for seamless instant payments and advanced transaction processing."
— Pieter Brouwer, Head of Group Operations and Technology Office (GOTO) for Personal & Corporate Banking and GWM Switzerland & International