Glyde claims that users can save up to three times compared to alternatives like Revolut by avoiding high fees from traditional foreign exchange brokers.

To enhance transparency, Glyde has launched an FX calculator that reveals the true costs and hidden fees associated with traditional foreign exchange providers.

Glyde, a London-based currency platform, has successfully raised £450,000 in pre-seed funding led by Fuel Ventures to enhance its operations and expand its market reach.

Founded by brothers Ellis and Nathan Taylor, Glyde aims to revolutionize cross-border money transfers by allowing users to send and receive over 50 currencies at rates they choose.

Mark Pearson, Managing Partner at Fuel Ventures, highlighted Glyde's potential to tackle significant challenges in the foreign exchange market.

The funding will be utilized to grow Glyde's engineering team, accelerate product development, and support international expansion.

Additionally, the investment will facilitate the launch of new features and customer growth as Glyde prepares for global expansion.

The platform supports transactions in over 50 currencies, providing users with full visibility and flexibility to improve profit margins and streamline cash flow.

CEO Ellis Taylor emphasized the need for transparency in foreign exchange, stating that Glyde aims to empower users, particularly freelancers and businesses managing cross-border income.

Designed for entrepreneurs, freelancers, and global earners, Glyde seeks to give users more control over their finances without hidden fees or middlemen.