OGold, the UAE-based all-in-one application backed by gold and silver and compliant with Islamic Sharia principles, has secured a strategic investment from Plug and Play Ventures, the investment arm of the global innovation platform and Silicon Valley-based startup accelerator. The platform connects high-growth companies with major corporations, investors, and strategic opportunities worldwide.
This institutional backing represents a major milestone in OGold’s growth journey, reflecting strong global investor confidence in its vision. It further strengthens its position as an innovative solution bridging traditional wealth preservation tools with modern digital commerce ecosystems on a global scale.
Strong Growth and Expanding User Base
The investment follows a period of rapid growth for OGold, during which the platform has redefined gold and silver ownership by removing traditional barriers to entry.
Since its launch, OGold has achieved:
- Over 1 million users
- More than $50 million in total transaction volume
By enabling fractional ownership of gold and silver starting from just 1 UAE dirham, OGold expands access to precious metals and repositions gold as a liquid, digitally tradable financial asset rather than a static store of value.
Founder’s Statement
Bander Al Othman, Founder of OGold, commented:
“This investment from a global leader like Plug and Play Ventures is a strong validation of our vision and scalable infrastructure. From day one, our mission has been to make gold and silver accessible as practical assets for everyday use.
With this strategic support, OGold is entering a new phase of accelerated growth, focusing on expanding our technological capabilities and launching innovative solutions such as the OGold Mastercard, while expanding into new international markets.”
Global Network and Expansion Opportunities
By joining the Plug and Play Ventures portfolio—home to more than 30 unicorn companies including PayPal, Dropbox, and Honey—OGold gains access to a global ecosystem of over 550 corporate partners across more than 60 locations worldwide.
This investment is expected to:
- Accelerate product innovation
- Support the global rollout of the OGold app
- Enable the launch of the OGold Mastercard worldwide
- Expand into new international markets
These steps align with the growing global demand for digital precious metals solutions and strengthen OGold’s position within the evolving financial landscape.
Investor Perspective
Ali Reza Masrour, General Partner at Plug and Play Ventures, stated:
“We are excited to partner with OGold at a time when the company is redefining how precious metals are used in the digital era. Reaching one million users in such a short time clearly demonstrates strong market demand for innovative, ethical, and Sharia-compliant financial solutions.”
He added that OGold’s ability to combine traditional asset stability with a scalable digital super-app model aligns with Plug and Play’s mission to support transformative technologies with global potential.
A Fully Integrated Financial Ecosystem
This strategic partnership brings together OGold’s ethical financial framework with global expertise in scaling digital platforms.
Backed by physical gold stored in secure vaults in the UAE, combined with a robust digital infrastructure, OGold is evolving from a financial application into a comprehensive financial ecosystem.
This transformation reinforces its mission to redefine the role of gold and silver in the modern economy—shifting them from static value stores into dynamic, liquid financial assets that actively contribute to global economic activity.
Advisory Role
Amadeus Ventures Limited acted as the exclusive financial and strategic advisor to OGold for this transaction.
