Glyde provides a cloud‑based multi‑currency business account for UK SMEs that consolidates payments, foreign‑exchange, and card issuance into a single dashboard. The platform offers physical and virtual cards with real‑time spend controls, near‑wholesale FX rates and hedging tools, and centralized reporting while operating under FCA‑regulated e‑money safeguards.
Funding
Funding not disclosed
Founders
Product
Problem
UK small‑and‑medium enterprises often manage separate bank accounts, foreign‑exchange contracts, and card programs to handle cross‑border payments, leading to fragmented cash visibility, unpredictable FX costs, and operational overhead. The lack of a unified platform forces businesses to reconcile multiple statements and rely on manual processes for hedging and spend control.
Solution
Glyde delivers a single, multi‑currency business account that consolidates payments, FX, and card issuance into one cloud‑based dashboard. The service provides both physical and virtual cards with configurable spend limits, enabling real‑time supplier payments and employee expenses in the required currency. FX conversions are executed through Currencycloud at near‑wholesale rates with transparent mark‑ups, and forward or limit‑order contracts are available for hedging. All transaction data, FX rates, and card activity are captured in a centralized reporting module that supports export via standard APIs. Human‑backed support is available for exception handling, ensuring compliance and issue resolution without automated bottlenecks. The platform is built on regulated e‑money infrastructure, guaranteeing that funds are held with safeguarded banking partners.
Target Audience
The primary customers are UK‑based SMEs that conduct regular international transactions, need multi‑currency cash management, and require integrated card and FX solutions for suppliers and staff.
Features
- Multi‑currency IBAN accounts (USD, EUR, GBP, etc.) with instant intra‑account transfers
- Integrated FX engine offering spot rates with a fixed 0.2% markup (above £30 k) and optional limit‑order (0.35%) or forward contracts (0.5%)
- Physical and virtual debit cards featuring real‑time spend controls, transaction limits, and merchant category restrictions
- Unified web dashboard for payments, reconciliation, and customizable financial reporting, accessible via RESTful API
- Automated hedging tools for forward contracts and limit orders to manage currency exposure
- End‑to‑end encryption and FCA‑regulated e‑money safeguarding through Currencycloud partners
- Role‑based access and audit logs to meet AML/KYC compliance requirements
- Dedicated human support channel for dispute resolution and regulatory queries