Glyde Funding News- London-based Glyde Secures £450K Funding To Disrupt The FX Market

The funds will be used to grow the engineering team, speed up product development, and expand Glyde’s reach across the UK and globally.

Founded by brothers Ellis and Nathan Taylor, Glyde is redefining cross-border money transfers. The platform supports over 50 currencies allowing users to choose their own conversion rates instead of relying on provider-set rates.

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This gives users more transparency and flexibility, helping them improve profit margins, manage cash flow more efficiently, and reduce admin work.

Ellis Taylor, CEO and Co-Founder of Glyde, said: 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.

To support its mission of making currency exchange more transparent, Glyde has launched an FX calculator that instantly reveals the real costs of using traditional providers—including hidden fees—without asking for any personal information.

The first step with transparency is showing people what they're really paying their FX providers. Our calculator exposes the hidden fees and helps users make better decisions, Ellis Taylor added.

Mark Pearson, Managing Partner at Fuel Ventures, said Glyde addresses a significant problem in today’s global and fast-moving 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 From digital nomads and ecommerce sellers to growing businesses, Glyde offers a compelling alternative to outdated FX systems.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.

The funding will help launch new features, grow the customer base, and prepare for international expansion.

About Glyde

Founded in 2024, Glyde™ is a fintech company aiming to transform how modern businesses move money across borders. Started by two brothers, the company was created to give small and medium-sized enterprises (SMEs) access to powerful currency tools that were once only available to banks and large corporations.