Goldwise raises £500k+ to accelerate UK launch of precious metals platform

Goldwise raises £500k+ to accelerate UK launch of precious metals platform

FinTech Wales member Goldwise has secured more than £500,000 in pre-seed funding to support the UK rollout of its fractional physical precious metals trading platform, marking another milestone for Wales’ growing fintech ecosystem.

The Cardiff-based company raised £250,000 from the Wales Angel Co-Fund, part of the Development Bank of Wales and managed by Angels Invest Wales, alongside £255,000 from a syndicate of business angels led by SV Rangan.

Founded by former Royal Mint executives Gareth Tucker and Jatin Patel, Goldwise is focused on modernising access to physical precious metals. Its platform enables users to buy, manage and sell fractional amounts of allocated, vaulted metals including gold, silver, platinum and palladium.

The funding will be used to support the company’s market launch and drive its next phase of growth, with a focus on product rollout, customer acquisition and performance over the next 12 to 15 months.

Goldwise’s technology enables trading of LBMA-approved bullion from as little as £5, with features including 24/7 access, conditional orders and real-time portfolio tracking. Built as trading infrastructure rather than an e-commerce solution, the platform connects directly to the global precious metals ecosystem.

Alongside its direct-to-consumer mobile app, Goldwise has also developed an infrastructure offering that allows wealth platforms and financial institutions to embed precious metals trading into their own services.

Gareth Tucker, Founder at Goldwise, said:

“Investing in most asset classes has become simple, digital and accessible – but physical precious metals have been left behind. Customers still face outdated buying experiences, marked-up pricing and limited trading functionality. Goldwise was built to change that, making precious metals investing easy, secure and efficient for all.

“Goldwise has been built from the ground up as trading infrastructure rather than e-commerce. This funding allows us to launch into the UK market with confidence, establish strong customer acquisition foundations and demonstrate the robustness of our model ahead of our next phase of expansion.”

Jatin Patel added:

“During my time building and launching wealth management businesses and investment products, including The Royal Mint’s gold ETC it became clear that both retail investors and wealth platforms want direct exposure to physical precious metals delivered through modern infrastructure that is easy, secure and efficient.

“Goldwise combines institutional pricing, execution and custody through a single scalable platform. We believe this creates a compelling proposition for individual savers and for wealth firms looking to embed physical metals trading without needing to build complex infrastructure themselves.”

Lead investor SV Rangan said:

“The founders bring a rare combination of domain expertise and proven execution in the precious metals sector. They understand both the retail and institutional sides of the market and have built a platform designed for scale from day one.”

Tom Preene, Fund Manager at Angels Invest Wales, said:

“Through the Wales Angel Co-Fund, we are pleased to match private angel investment to support ambitious Welsh fintech founders with global aspirations.”

Goldwise has also opened its crowdfunding campaign via Crowdcube, offering early access to investors to participate in its next phase of growth.