Glint

Use solid, insured, allocated gold as real everyday money. Buy, save, spend & send, digitally with Glint.

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Categories
Technology, Financial Services, Service Businesses
Location
London, United Kingdom
No. Investors
731
Website
glintpay.com

Company Description



Glint has taken gold, one of the most trusted & proven stores of wealth & made it liquid, enabling clients to buy, save, send & spend real allocated gold, instantly & securely, with our App & Mastercard.

The USD & GBP have devalued over 85% in the last 50 years. The same period saw gold, which we know can go down in value as well as up, increase by over 500%.

Glint is the GoldFi Fintech that is on a mission to revolutionise the payments industry by making real gold into everyday money. Our team (UK, US, JPN) has built the first global, regulated (UK FCA eMoney Issuer), multi-currency savings & payments platform in the world to allow instant, electronic transactions in digitised gold, at point of sale.

Glint clients can use their cards in 210 countries & our P2P tool also allows them to send & receive gold & currency in over 160 countries, inc UK. Glint is thriving in a worsening economic climate, clients are seeing the value of gold made secure & simple with Glint.

Gold is security. Glint its key.

Monetisation strategy
Glint's revenue model is very simple and currently derived from exchange and card transactions.

We charge clients a 0.5% fee on the exchange of gold or FX. With a further 0.5% additional 'weekend' transaction rate.

We receive an 'interchange' fee (UK/EU 0.2% & US 0.9%) when our cards are used to buy something, this fee comes from the merchant not the Client.

We charge the client £1.50 for an ATM withdrawal. We also have a standard charge of £7.99 for card delivery.

Finally we charge a gold storage fee of 0.25% per year on all client's gold

We are currently looking at Future Revenue streams which include:

- Corporate Products like the Gold Portal for Wealth Managers

- Tiered Subscriptions

- Premium Card and account products (e.g. Solid Gold card)

- Gold Savings Products e.g. Pension Wrappers, School Fees

- 3rd Party corporate and client payments







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Key Deal Facts

Over 150,000 registered users around the world. 15k in September, Quarter on quarter revenues up 130%. (Q1 - Q2 2022), World’s first: Spend gold as money anywhere taking Mastercard., Available in 200+ countries, cards issued in 37 inc: US, UK & EU
Amount Raised : $0
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