Glyde Secures £450,000 to Shake Up the FX Market

Glyde Secures £450,000 to Turbo‑Charge Global Money Moves

Fuel Ventures led the pre‑seed round, pumping £450k into the UK‑based currency startup Glyde. The money is slated to beef up the engineering crew, speed up the product roadmap, and push the platform into new markets worldwide.

What Glyde Is All About

Founded by brothers Ellis and Nathan Taylor, Glyde aims to reinvent cross‑border payments.
Users pick their own exchange rates—no more being handed the price by opaque brokers.
They claim savings of up to three times versus rivals like Revolut.

Ellis Taylor’s (Co‑Founder & CEO) Take

“Foreign exchange is a black box: complicated, pricey, and run by brokers that give you little transparency,” says Ellis. “We built Glyde so freelancers, exporters, and anyone juggling earnings across borders could do so faster, clearer, and cheaper.”

The funding will give the team room to deliver that vision at scale.

Glyde’s Core Features

Send & receive more than 50 currencies.
Full visibility over conversion rates.
Automated multi‑currency accounts.
No paperwork, no hidden fees, no broker delays.

Launch Spotlight: The FX Calculator

Glyde’s new calculator lets anyone see the real cost of traditional FX services—no personal data needed. It instantly pulls up hidden fees and shows where money goes.

“The first step toward transparency is showing people what they’re really paying their providers,” Ellis adds. “Our tool exposes those hidden charges and lets you make smarter choices.”

Fuel Ventures’ Perspective

Mark Pearson, Managing Partner at Fuel Ventures, calls the product a “critical pain point solver” for the modern global economy. “Ellis and Nathan have handed users real control back,” he says. “From digital nomads to growing businesses, Glyde offers a compelling alternative to outdated FX systems.”