OGold secures investment from Plug and Play Ventures to scale global gold and silver ecosystem
OGold, a UAE-based Shariah-compliant gold and silver-backed Super App, has secured investment from Plug and Play Ventures to scale its global ecosystem. The investment will be used to expand OGold's infrastructure, product offerings, and geographic footprint beyond the UAE.
OGold, the UAE's premier Shariah-compliant gold and silver-backed Super App, has secured a strategic investment from Plug and Play Ventures. OGold has surpassed 1 million users and processed $50 million in gross merchandise value (GMV) since its inception. The investment will be used for a multi-phase expansion strategy, including product innovation and geographic expansion. OGold allows users to acquire fractional gold and silver for as little as AED 1, transforming gold into a more liquid, digital asset. The company plans to roll out its OGold app and Mastercard globally to enhance cross-border utility and lifestyle rewards. By joining the Plug and Play portfolio, OGold gains access to a network of over 550 corporate partners and 60 global locations.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.