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With over 1 million users and $50 million in GMV in its first year, OGold has secured institutional investment to accelerate its mission to connect trusted assets like gold and silver with modern digital commerce.
OGold, the UAE’s Shariah-compliant gold and silver-backed Super App, has secured a strategic investment from Plug and Play Ventures, the venture capital arm of a Silicon Valley-based global innovation platform and startup accelerator, which connects high-growth companies with corporations, investors, and strategic opportunities to scale internationally. This institutional backing marks a key milestone in OGold’s expansion, validating its vision to bridge traditional wealth with modern digital commerce at a global scale.
The investment follows a period of strong growth, during which OGold has broken traditional barriers to precious metal ownership. Since its inception, the platform has surpassed 1 million users and processed over $50 million in GMV. By enabling fractional ownership of gold and silver at AED 1, OGold is transforming gold from a static hedge into a liquid, digital asset.
“The investment from a global leader like Plug and Play Ventures serves as a powerful testament to OGold’s vision and scalable infrastructure built,” said Bandar Alothman, Founder of OGold. “Our mission has always been to make gold and silver accessible and functional for everyone. With Plug and Play’s backing, OGold is entering a new phase of growth to scale infrastructure, expand offerings such as the OGold Mastercard, and enter new markets redefining how the world interacts with gold and silver.”
By joining the Plug and Play portfolio, which has nurtured over 30 unicorns, including PayPal, Dropbox, and Honey, OGold gains access to a network of 550+ corporate partners across 60 locations. The new capital will accelerate product innovation through global rollout of the OGold App and Mastercard, while facilitating expansion beyond the UAE into international markets to meet the rising demand for digital precious metals.
“We are thrilled to partner with OGold as they redefine the utility of precious metals for the digital age. Their impressive milestone of reaching 1 million users in such a short time demonstrates a clear market demand for ethical, Shariah-compliant fintech solutions. By bridging traditional asset security with a modern, scalable ‘Super App’ ecosystem, OGold perfectly aligns with our mission to support transformative technologies that have the potential to lead on a global stage”, said Alireza Masrour, General Partner at Plug and Play Ventures.
This strategic alliance combines OGold’s ethical financial framework with world-class scaling expertise. Backed by physical gold stored in insured UAE vaults and advanced digital features, OGold is evolving into a financial ecosystem beyond traditional investment. This expansion reinforces its mission to transform precious metals from a passive store of value into an active driver of global economic growth.
Amadi Ventures Limited acted as the exclusive strategic and financial advisor to OGold on the transaction.
