Former Royal Mint executives have raised over £500,000 to launch Goldwise, a fintech platform that enables users to buy, manage, and sell fractional physical precious metals through a mobile app. The funding will support the platform's UK market launch and future expansion into Europe and beyond.
Goldwise's launch of a precious-metals-as-a-service infrastructure, GoldwiseConnect, presents a significant opportunity for fintech platforms and financial institutions to diversify their asset offerings by integrating physical precious metals trading. This could enhance customer value propositions without the need for building complex trading infrastructure, aligning with trends in embedded finance and potentially attracting users interested in alternative investments.