GoldMoney

Goldmoney is a financial services company based in Toronto, Canada, specializing in precious metal investment. Founded in 2001, it has established itself as a global leader in the sector, boasting the world's largest precious metals payment network. The company safeguards nearly $2 billion in assets for clients across more than 150 countries, aiming to democratize access to gold and other precious metals through innovative technology. Goldmoney's primary offering is the Goldmoney Holding, an online account that allows clients to invest in, earn from, or spend gold, silver, platinum, and palladium, all securely stored in insured vaults worldwide. Additionally, Goldmoney is involved in precious metal sales, delivery, storage, coin retailing, and lending through its various subsidiaries, operating under three main segments: Goldmoney.com, Goldmoney Properties, and Corporate and Other.

Steve Fray

CFO, Finance

3 past transactions

Lend & Borrow Trust Company

Acquisition in 2019
Lend & Borrow Trust Company Limited is a peer-to-peer lending platform based in St Austell, United Kingdom, established in 2014. The company specializes in providing loans collateralized by investment-grade precious metals, allowing individuals and businesses to secure financing at lower interest rates compared to traditional unsecured lending options. By pledging precious metals as security, borrowers can raise funds without the necessity of selling their assets. The platform facilitates monthly interest payments and provides flexible loan repayment options, thereby reducing the overall cost of borrowing. As of May 2019, Lend & Borrow Trust Company operates as a subsidiary of Goldmoney Inc.

Mene

Seed Round in 2017
Mene Inc. is a jewelry company based in Toronto, Canada, specializing in the design, manufacture, and marketing of gold and platinum jewelry products. The company offers a wide range of items, including charms, chains, bands, earrings, pendants, rings, bracelets, and gifts under the Mene brand name. It operates a direct-to-consumer model through its online portal, allowing customers to purchase jewelry with a unique value proposition. Mene's mission is to reintroduce the concept of investment jewelry in the Western market, where a significant portion of the purchase price—between 80-90%—is attributed to the weight of pure gold or platinum. This innovative approach enables customers to buy, sell, and exchange their jewelry easily by weight, reflecting current market prices for these precious metals.

Schiff Gold

Acquisition in 2016
SchiffGold is a full-service precious metals dealer established in 2010 by investor Peter Schiff. The company specializes in investment-grade gold and silver bullion, providing a reliable source for clients seeking to purchase these metals. SchiffGold aims to address the concerns of investors who have faced high markups from larger companies promoting numismatic products. As a trusted dealer, SchiffGold focuses on offering the most liquid bullion products at competitive prices, ensuring that clients can invest in physical precious metals as a safeguard against inflation and economic instability. In addition to buying and selling precious metals, the company provides related services such as vault storage and the arrangement of gold and silver IRAs, helping customers secure their financial future.
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