Glint already closes another batch of funding

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fintech insurtech wealthtech regtech ai cybertech esg news

Global currency, account and app Glint has reportedly raised another £3m, having just closed a similar investment in August.

Contributions to the new wave of financing included Venture Lab Investment, and the Tokyo Commodity Exchange, according to an article by

UK-based Glint is a money account that allows users to gain more control of how they store, send, exchange and spend money. The platform is set to launch later in the quarter.

The company had only just received a line of equity, with the company securing £3.1m from investors including Bray Capital and Haruko Fukuda, among others. Previous reports stated the previous line of equity was to support the development of its product and to help expand its operations.

There has been a string of big number capital injections to payment and remittance company’s over the past couple of weeks. Earlier in the month, TransferWise, which allows users to send money to any global bank account, received $280m, while digital remittance company Remitly netted a $115m series D.

The top three sectors in UK FinTech represent 47 per cent of funding received. The biggest area to receive funding in the UK is payments and remittances, with it accounting for just over a fifth of the total deals. The UK sector has seen 711 deals completed between 2014 and Q2 2017.

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