Glyde secures £450k in pre-seed funding from Fuel Ventures to expand its currency platform.
Fuel Ventures led the pre-seed round, which will fund team expansion and product development.
Glyde is a borderless currency platform that enables individuals and businesses to send, receive, and convert more than 50 currencies on their own terms. The platform helps users avoid expensive foreign exchange brokers, set their own exchange rates, and manage cross-border finances with transparency.
Glyde has secured £450k in pre-seed funding led by Fuel Ventures. The capital will be deployed to expand the engineering team, accelerate product development, and drive adoption across the UK and international markets.
Founded by brothers Ellis and Nathan Taylor, the company provides a multi-currency platform designed to give freelancers, entrepreneurs, and businesses greater control over cross-border payments. Users can select their own exchange rates and bypass traditional brokers to reduce costs.
The fresh injection of funds will also support the rollout of new features and preparations for broader global growth as the company seeks to bring increased transparency to foreign exchange.
From the founder
"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."
Ellis Taylor
CEO and Co-Founder at Glyde
Investor perspective
"Glyde addresses a critical pain point in the modern, global economy. Ellis and Nathan have created a product that hands real control back to users. From digital nomads and ecommerce sellers to growing businesses, Glyde offers a compelling alternative to outdated FX systems. We are excited to support them in bringing more clarity and competition to this space."
Mark Pearson
Founder, Fuel Ventures
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets