Announcement 2019 / April

Acies completes its strategic investment in a UK-based P2P smart trading app for physical gold

Acies Ventures, a division of Acies has invested in Goldex Technologies Limited which is the first smart trading mobile-based app that powers ethical pricing for buying and selling physical gold.

The strategic partnership by Acies Consulting was led by Muzammil Patel (Head - Strategy & Corp. Finance) and Rahul Murthi (Global Head - Acies Ventures).

Rahul Murthi says: “We found that Goldex has an immaculate leadership team, technology and thought process to revolutionize the way gold investments are made. It furthers the goal of market transparency and market infrastructure creation. Acies Ventures is focused on making investments that can help revolutionize market infrastructure.

Others who participated in this recent funding round with Goldex of GBP 1.2 million include prominent angel investors, VCs, and players in the financial services and the metals and mining space.

The proceeds have been used to enhance the Goldex app (launched in the UK in July 2018) and gold card offerings, increase its B2B business proposition and expand its business across other geographies. Goldex sees India as a key growth market and is in the process of aligning its technology with the needs of the market.

Sylvia Carrasco (CEO – Goldex Technologies Ltd.): “We are already in conversations towards our Series A round early next year. We are excited to be able to continue with our journey and vision to become the consolidated marketplace where gold investors always get the best deals.

About Goldex Technologies Limited
The Company was founded by former electronic trading pioneers from Credit Suisse and UBS, Sylvia Carrasco and Fernando Ripolles who saw an opportunity to remove barriers to retail gold trading and address unfair practices in the gold investment markets.

Dubbed the ‘Skyscanner of the gold trading world’, Goldex is reinventing gold ownership by applying smart trading technology to always discover the best price amongst all the gold dealers offering bids and offers within the Goldex platform. This innovative and unbiased business model, together with the fact that Goldex does not own any gold of its own removes all conflicts of interest, always guaranteeing that investors receive the most amount of gold for their money.

To know more about Goldex Technologies Limited, visit

About Acies Ventures 
Acies Ventures, a division of Acies, focuses on supporting the growth of new-age companies and laser-focused entrepreneurs that look to use technology as a means to bring in positive change at the market infrastructure or be a mutualized source for driving efficiency in the industry.   

About Acies
Acies is a multi-national firm comprising businesses that focus on providing advisory and implementation services, technology applications and platforms, content and learning and development solutions, and strategic investments.

Acies’ vision is to provide practical and tangible outcomes to support institutions and industries through businesses rooted on using next-generation technologies and tools to innovate, implement, skill and scale businesses to support growth and sustainability.

The firm is headquartered in India and has global offices and entities based in APAC (Singapore and Malaysia), Middle East and Africa (Mauritius) and the Americas (USA) respectively.

To know more about Acies, visit or our LinkedIn Company page

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