Goldwise, a fintech startup, has secured over £500,000 in equity funding led by SV Rangan, with participation from the Wales Angel Co-Fund and a syndicate of business angels. It enables savers and investors to buy, manage and sell fractional physical gold, silver, platinum and palladium through a mobile app.
Investors are typically limited to financial products such as ETFs or tokenised gold, which provide price exposure without direct ownership, or traditional bullion dealers, which involve manual processes, high mark-ups and limited flexibility. Goldwise addresses these challenges through its proprietary infrastructure, the Goldwise Engine, which connects directly to the global precious metals ecosystem and supports onboarding, institutional pricing and execution, payments, allocation, custody and recordkeeping. This enables fractional ownership of LBMA-approved bullion from as little as £5, with continuous trading, conditional orders and real-time portfolio tracking, alongside secure storage in insured institutional vaults in locations including London, Zurich and New York. Customer funds are safeguarded under FCA-regulated e-money arrangements.
The funding is being used to support the UK market launch of the platform and underpin its next phase of growth, focusing on product rollout, customer acquisition and performance over the next 12 to 15 months ahead of a further planned round of funding to scale into Europe and globally. The platform operates through two channels: the Goldwise App for direct users and Goldwise Connect, which enables financial institutions and wealth platforms to integrate physical precious metals trading.
Based in Cardiff and a member of FinTech Wales, Goldwise enters a global physical precious metals market valued at more than £5 trillion, at a time when investor demand for portfolio diversification and protection assets is increasing. Despite strong long-term performance and liquidity, access to physical metals has historically been dominated by traditional dealer-led models.
The business was founded by Jatin Patel and Gareth Tucker, former executives at The Royal Mint, where they led the transformation and scaling of its precious metals division, including building its platform and launching a gold-backed exchange-traded product.
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 Customers still face outdated buying experiences, marked-up pricing and limited trading functionality.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.
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.
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. What attracted the syndicate members and me to Goldwise is the focus on core infrastructure, the clarity of the business model and the opportunity to integrate into a much wider wealth management ecosystem over time. If paced correctly, the potential here is significant.
Gareth and Jatin have already demonstrated their ability to build and scale precious metals propositions within a regulated, institutional environment. Through the Wales Angel Co-Fund, we are pleased to match private angel investment to support ambitious Welsh fintech founders with global aspirations. The participation of an experienced lead investor such as SV Rangan brings additional expertise and credibility to the business as it enters the market. This is a strong example of how the Angels Invest Wales ecosystem can mobilise both capital and capability to support the next generation of financial technology businesses in Wales.
