London-based fintech company to launch new global currency

A London-based financial technology company is to launch a new global currency in the fourth quarter of 2017.

Glint, a start-up company that is regulated by the Financial Conduct Authority, has raised £3.1 million in funding from high-profile investors in the financial services and asset management sectors.

Stable

Among the services Glint will provide are: a new electronic currency, account, and app. The company aims to help create a more stable global economy.

The new currency will enable users to store gold and spend it like regular money, with the company’s founders, Jason Cozens and Ben Davies, both having worked in the gold sector.

Jason Cozens is the founder of GoldMadeSimple.com - a website that enables people to buy real gold.

Ben Davies co-founded alternative investment management company Hinde Capital, and was former head of trading at RBS Greenwich.

Among the companies and key figures from the financial services industry that have backed Glint are Bray Capital, former Goldman Sachs Asset Management Asia Chairman Oliver Bolitho, and former World Gold Council CEO and Investec Bank NED Huroko Fukuda.

Reliable

Commenting on the service, Glint stated: “At a time of extraordinary monetary policy and when trust in currencies, banks and existing payment systems has been eroded, Glint helps us move to a more stable global economy.

“A new global currency, account and app, Glint is a timely innovation with immediate application. A game changer, it brings you money that is reliable and gives you more control in the way you store, spend, exchange, and transfer money.”