Glyde

See our first event at the bottom of this email

The Market

• Servicing SMEs with cross-border payments opens up a $10.4 Trillion market.

• 55% of SMEs struggle with unfair pricing, 45% with delays and 42% with reporting; existing treasury solutions are failing them.

This startup is solving two key problems:

• Current currency automation platforms are clunky and basic.

• Incumbents like Revolut and large banks are expensive and have a broad offering. There is no go-to specific treasury platform for SMEs.

One Liner

• Glyde is the all-in-one treasury automation platform for SMEs, choose your target rates, attach payments and reconcile accounts in minutes, not hours. No FX brokers needed.

Quickfire

• Headquarters: Kent, UK

• Employee count: 3

• Investors: F&F (SEIS)

• Funding amount: £50,000 committed (SEIS). Raising £500k (£200k SEIS)

• Business model: Percentage of FX of transactions (0.2%-0.5%)

• Traction metrics: 

  • Tested market with a white label FX product for 3.5 years, whilst building, achieving:

  • 100+ sign ups

  • >£60m FX turnover

  • >90% retention rate

  • Partnerships with Kreston Reeves, Portugal Pathways and a professional sports team (unreleased)

  • Y1 MRR: £900, Y2 MRR: £2,700, Y3 MRR: £4,200, Y4 MRR (YTD): £10,700. MTD: £16,500

Due Diligence

Competition

• Traditional FX brokers, Wise and Revolut.

Founders

• Founder & CEO, Ellis Taylor: LLM Law, 6+ years in Corporate FX Brokerage Services, including Ebury Partners.

Quick Pitch’s First Event!

• We’re partnering with The Graduate Guide and Grads Building Companies alongside Peter Wood to host our first investor-founder dinner in March 🤝

• We’re bringing together the most promising young founders for an exclusive dinner—designed to connect them with early stage investors who can help them scale. With a community of 20,000 ambitious young founders building the next generation of UK startups, they’ve already got the recognition from the likes of Google and other leading brands.

• Let us know here if you’d like to come, partner with us for the event, or have a space we can use.

Let the people decide

Last feature’s results

• The people have spoken: Our readers are bullish on Nova Biochem. Vote in the poll above to see how your decision stacks up against thousands of founders, investors and operators.

• Here’s what you guys had to say: “Using pulp waste is genius!”

Thanks to our VC partners, we have another exclusive Revolut deal for you!

Register your interest below to receive more information about the specific terms of the deal and stay tuned for the launch of quick pitch deal