Glyde, the currency platform that empowers individuals and businesses to send, receive and convert money on their own terms, has secured £450,000 in pre-seed funding led by Fuel Ventures.
The investment will be used to grow Glyde’s engineering team, accelerate product development, and expand adoption across the UK and internationally.
Founded by brothers Ellis and Nathan Taylor, Glyde is building a new standard for cross-border money movement. Users can choose their own exchange rates, avoid expensive FX brokers, and save up to three times compared to leading alternatives such as Revolut.
“Foreign exchange has long been a black box. It is often complicated, expensive, and controlled by brokers or platforms that offer little transparency,” said Ellis Taylor, CEO and Co-Founder of Glyde. “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.”
Glyde enables users to send and receive over 50 currencies, converting them at rates they select rather than ones dictated by providers. With full visibility and flexibility, users can improve profit margins, streamline cash flow, and reduce administrative effort.
As part of its mission to bring greater clarity to currency exchange, Glyde has also launched an FX calculator that doesn’t require any personal information and instantly shows users the true cost of using traditional providers, as well as any hidden fees. “The first step with transparency is showing people what they’re really paying their FX providers,” Ellis Taylor added. “Our calculator exposes the hidden fees and helps users make better decisions.” People can try Glyde’s FX calculator here: https://www.glyde.money/compare-rates/
Glyde addresses a critical pain point in the modern, global economy,” said Mark Pearson, Managing Partner at Fuel Ventures.
“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 From digital nomads and ecommerce sellers to growing businesses, Glyde offers a compelling alternative to outdated FX systems.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.”
With a sleek, user-friendly interface, Glyde simplifies international payments. Users can open multi-currency accounts, automate transactions, and get started in minutes, all without paperwork, brokers or hidden fees.
The investment will support the launch of new features, customer growth, and preparations for global expansion.
